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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
31 Tháng bảy	The euro still has a chance of success The euro continued its deliberate decline. However, it says nothing . It is possible that the wave i of the emerging upward impulse has been formed, whereupon expected decline began because of the development of wave ii. Thus, in the future, if this assumption is correct, we could expect impulse Thêm	In anticipation of a breakthrough Pound has stood leaning to the resistance level and does not know what to do next: to break and move on, or surrender to the mercy of bears. It is worth noting that hit this level did not cause the sharp bounce telling about readiness of customers to attack this level again. In addition, the wave Thêm	Dollar is not ready to a further consolidation yet After it has steadily continued its attack against the Japanese currency on the local price level, the dollar has suddenly stopped to move and gave up. It is possible that there are no buyers yet, so the pair is not ready to continue its upward movement Thus, it is possible that in front of us, the Thêm
30 Tháng bảy	Expectations regarding bullish movement	The wave 3 of the upward momentum is expected to develop	Impulse growth of the pair is expected
28 Tháng bảy	It is time to buy	The third rising impulse wave has started to develop	Impulse growth is expected
27 Tháng bảy	Perhaps, development of correction is completed	Impulse growth is expected	Development of the wave 2 is to be continued

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Wave analysis

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