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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
11 Tháng Chín	Anticipating decline within the frames of correction The euro does not want to give up again and put price lower through formation of the wave y of [ii]. Instead, it shows contrived growth, which in the future can become a full-fledged upward momentum. If this happens, this scenario would be cancelled. So far, this has not happened, and there are Thêm	The Pound has flied into a rage The pound continues an aggressive attack almost without giving bears a respite! In current situation it is difficult to predict when it's the time for a deep and prolonged correction as growth is very confident. In this situation, it is dangerous to jump into the passing train, but entering a rol Thêm	We expect further strengthening of the US dollar We expect further strengthening of the US dollar In this pair nothing has changed. The scenario with development of the ascending correctional wave [iv] is implemented in full. At the moment, we witness formation of the wave with of [iv], the expected zigzag. Potential for further upward movement Thêm
10 Tháng Chín	Flat will continue	A small correction prior to further upward movement	The pair continues to move up to the indicated target
09 Tháng Chín	The pair is to continue a corrective decline	Possible corrective pullback	US Dollar recovers its lost ground
08 Tháng Chín	Formation of the third impulse wave has begun	Pound will fly!	Expectations of growth remain
07 Tháng Chín	Development of a third pulse wave is expected	Decline is expected to continue	Impulse growth is expected

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Wave analysis

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