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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
05 Tháng sáu	A small pause before moving upwards The price did not continue to move upwards and a pullback started which has a correctional character. The situation is as follows: The price has bounced from Fibo level 61.8% and started move upwards. This movement was caused by development of the wave [iii] of (iii). The pair has not reached a lo Thêm	Slowing down a little As Euro, British currency was not able to develop its success. In the result, upward movement has stopped and meanwhile it is not clear how the pair will behave in the future. We can only assume that in the nearest time we will face a slight correction, whereupon the movement in impulse form will co Thêm	It is quite again Following to a dash boosted by development of the wave [5] of v, the pair stood still again. It is unknown when one more phase of activity will start. So, we must be patient to wait when this phase happens and handle pending warrants. According to the scenario, the pair is expected to decline, so Thêm
04 Tháng sáu	Euro is ready to storm new hills	Further growth in impulse form is expected	Decline is expected to preserve
03 Tháng sáu	Dollar is retreating	Pound - time has come to buy	Reversal has happened!
02 Tháng sáu	Wave [iii] is expected to be formed	Impulse growth is expected	We still expect impulse decline
01 Tháng sáu	Euro is expected to continue consolidation	Developing of wave iii of ascending impulse is expected

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Wave analysis

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