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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
24 Tháng bảy	Decline of the pair as expected within the frames of emerging correction Decline of the pair as expected within the frames of emerging correction The pair has supposedly ended formation of correction in the wave [y] of (ii). If our assumption is correct, we shall further expect renewal of decline within the frames of the specified correction. In this regard, we have open Thêm	Bulls are still expected to rule Correction on this pair has continued its development. The price has reversed after its abrupt upward movement and started to decline again. Meanwhile, this movement has not impacted on the wave scenario, which is still relevant. So, further, after a slight decline, we shall probably expect renewal Thêm	Correctional wave 2 of [v] is expected to continue its development The wave 1 of [v] of an ascending impulsehas supposedly finished its development, followed by a decline, which is still relevant for this pair. Specified correction is being formed within the frames of development of the wave 2, which by now looks incomplete So, in the nearest time correctional wav Thêm
23 Tháng bảy	Double zigzug continues its development	Development of the 3rd wave an ascending impulse has started	Buyers are ready to continue their marathon
22 Tháng bảy	Correction is still developing	The wave 3 of [iii] is expected to develop	Growth is expected to continue
21 Tháng bảy	Correction is still developing	Development of the wave 2 of [iii] is about to complete	Impulse decline is about to be postponed
20 Tháng bảy	Double zigzug continues	We assume that a correctional wave 2 is developing	The wedge is still here

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Wave analysis

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