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.


Wave Analysis 25.08.2011 (USD/CHF, EUR/USD)

The formation of zigzag pattern in wave (4) continues. It looks like bulls made their best efforts in wave A, so they will probably not be able to do anything to resist bears in wave C. Currently the price is growing very slowly and reluctantly. Most likely, wave 1 of (5) will start within the next several days.

Wave Analysis 24.08.2011 (USD/CHF, EUR/USD)

We may assume that horizontal triangle pattern in wave B of (4) has been completed. The price may reach a new maximum while forming wave C within the next several days. After that we can expect the formation of an initial bearish wave and the continuation of the descending trend.

Wave Analysis 23.08.2011 (USD/CHF, EUR/USD)

We may assume that the formation of the fourth wave continues. The wave is taking the form of zigzag pattern with wave C being formed inside it. The price may reach a new maximum and establish a new record during the day. After that we can expect the descending trend to continue.

Wave Analysis 22.08.2011 (USD/CHF, EUR/USD)

After growing for some time, the market started consolidating. In the near term, we may expect the price to reach a new local maximum, and then, down-trend to continue. If you want to try and start buying the pair, it will be better to wait for an initial descending impulse.

Wave Analysis 19.08.2011 (USD/CHF, EUR/USD)

The price may continue rising inside the fourth wave, but not for a long time. We may assume that diagonal triangle pattern has been completed in wave B. The price may grow a bit during Friday, and then, next week, we can expect the formation of initial downward wave.

Wave Analysis 18.08.2011 (USD/CHF, EUR/USD)

We may assume that zigzag pattern in wave (4) has been formed. On the minor wave level we can see that initial descending impulse in wave 1 has been completed. In the near term, we can expect bearish trend to continue.

Wave Analysis 17.08.2011 (USD/CHF, EUR/USD)

It looks like the zigzag pattern, with wave C inside it, is still being formed in the second wave. In the near term, the price may continue growing, but not for long. After that, wave (5) will start.

Wave Analysis 16.08.2011 (USD/CHF, EUR/USD)

We may assume that impulse in wave A has been completed and right now the local correction started. This movement may continue for some time, and then we can expect wave (2) to continue, more specifically – the start of wave C.