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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
04 Tháng Chín	Formation of a zigzag is perhaps over Zigzag was formed much faster than it was expected by us. The price did not complicate the wave b, having decided to restrict what happened, and the pair resumed its downward movement. Thus, it is possible that development of the wave with of [ii] alleged zigzag is over. In the future, with the Thêm	The pound remains under pressure of bears The pound still can not find counter-arguments to start strengthening against the US currency. This results in a slow decline of its value. However, reduction is quite possible, and it can be carried out in the framework of development of the wave [c] of (ii), which is expected to complete soon. Thêm	Growth within development of zigzag is expected Growth within development of zigzag is expected This pair appears to turn to a corrective decline that takes the form of a simple Zigzag. Currently, formation of this model in the form of the wave b of [iv] presumably comes to the end. If this is so, in the future we can expect a sharp rise that Thêm
03 Tháng Chín	Wave b is expected to develop	Growth along with development of the third wave	Following the plan
02 Tháng Chín	Upward movement is still a relevant scenario	We keep on expecting growth	The fourth corrective wave is still developing
01 Tháng Chín	Corrective growth started	Impulse growth is expected	In anticipation of a further growth
31 tháng Tám	Through correction	Growth is expected	The wedge is probably being formed

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Wave analysis

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