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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
18 Tháng Chín	Corrective decline The euro has decided not to keep its business on the shelf for a long time and continued to grow against the US currency. Thus, presumably formed the wave i of the emerging upward impulse, which will develop the wave [iii]. In the near future we expect decline associated the formation of the corr Thêm	Pound is to continue its strengthening So far, this pair has followed our scenario. The pound actively strengthened, having apparently moved under the wave iii of the rising impulse. At the moment, the above-mentioned has been finally formed, so there is a potential for further growth. Thus, in the near future we expect continuation Thêm	Dollar is weaker, but still can grow within the frames of correction On yesterday's news (decision on the interest rate), the US dollar weakened, providing currencies in the pair with US dollar with an advantage. The yen also took a sharp decline, thereby having closed my Buy trade with Stop Loss. So far, this decline has not had a notable impact on the considered Thêm
17 Tháng Chín	Minor correction	Formation of the third impulse wave!	No changes
16 Tháng Chín	Bullish scenario is still relevant	Development of the wave iii of the upward momentum	US dollar is weak, but ready to grow!
15 Tháng Chín	A short stop prior to further growth	Impulse growth is being prepared	Growth is expected
14 Tháng Chín	Return to the previous plan	Small correction is prepared	Growth of pair is expected

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Wave analysis

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