Forex Wave analysis and forecast

Wave analysis is a type of technical analysis of the market. According to it, the basis of any market fluctuations is Elliot waves. Making market predictions based on wave patterns doesn’t require any indicators and is considered one of the most descriptive types of analysis. Thus, Elliott waves are interpreted as a graphical method of technical analysis, which makes it possible to understand the behaviour of market participants by studying price movement waves.

Wave analysis is considered a complex method, but it is recommended that every trader know its basics. This is necessary to understand the algorithms for the movement of the working currency pair, to see the point at which the currency pair is located during the movement, as well as to know further prospects - all this data helps to obtain wave analysis. On this page, you can familiarize yourself with the conclusions and market forecasts from RoboForex experts, made using wave analysis.

30.06.2017

Wave Analysis 30.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair reached the upside border of the ascending channel.
29.06.2017

Wave Analysis 29.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair reached the upside border of the ascending channel.
28.06.2017

Wave Analysis 28.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair continues growing in the ascending impulse c of (y).
27.06.2017

Wave Analysis 27.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair continues growing in the ascending impulse c of (y).
26.06.2017

Wave Analysis 26.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It’s highly likely that the GBP/USD pair is falling in the wave (5) and finished the wedge, which may be the wave 1.
23.06.2017

Wave Analysis 23.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the EUR/USD pair finished the wave [a] or [w] and, as a result, resumed falling.
22.06.2017

Wave Analysis 22.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It’s highly likely that after completing the zigzag in the wave (4), the GBP/USD pair started falling in the wave (5).
21.06.2017

Wave Analysis 21.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the AUD/USD pair completed the wave (y) and the entire double zigzag [ii].