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Wave analysis

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Wave analysis of the Forex market or Elliott wave principle is the type of technical analysis considering price to be similar to ebbs and flows. All price movements on the Forex market are subject to two types of waves:
- Impulse, or motive, phase – the waves which move price up or down (shown by digits)
- Correction phase: waves that respond to impulse (shown by letters).

2015	EURUSD	GBPUSD	USDJPY
16 Tháng Mười	Сorrection in the fifth wave, growth is inevitable The pair continues to take the shape which we expected. After the price left the triangle, it continued to rise, however, it is still not ready to continue to move up. The price went to the correctional decline observed at the moment. It should be noted that this decline is formed within developme Thêm	We expect further growth of the pair Bulls continue to dominate, although the pair have not continued its growth. Perhaps this is due to the expectation of the help by buyers, which subsequently lead to further growth of the pair. In the meantime, this did not happen and the price froze in the flat, but in the future we expect res Thêm	Situation remains bearish tone The dollar seems to be artificially held by the sharp drop against the Japanese currency. Every sharp splash is immediately responded by buyout. Impulse decline was halted and the price has vehemently started to play it back. On the basis of this, in the future it may continue to grow, because down Thêm
15 Tháng Mười	A continued development of the fifth wave	The pair is to continue to grow	Bears are gathering pace
14 Tháng Mười	The upward movement is far from finish	The pair preserves chances for further growth	Outcome is close
13 Tháng Mười	Formation of the wave continues!	The upward movement has not yet exhausted its potential	The pair is about to start a strong downward movement
12 Tháng Mười	Development of the wave (iv) is over	Growth is expected to continue	Decline of the pair is expected

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Wave analysis

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