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 03.08.2011 (USD/CHF, EUR/USD)

After horizontal triangle pattern in wave (4) has been completed, descending impulse is being formed. We may assume that while wave 5 was being formed, the fourth wave started. The correction may be finished within a couple of days, and after that we can expect the price to continue moving downwards.

Wave Analysis 02.08.2011 (USD/CHF, EUR/USD)

A strong descending movement forced us to regroup the lines. We may assume that wave 5 of (3) is being formed. Earlier, wave 3 was completed as an extended pattern. The forecast of price movement is shown on the chart. We can expect down-trend to continue during the next several days.

Wave Analysis 01.08.2011 (USD/CHF, EUR/USD)

It seems that at the H4 chart wave (3) of [5] has been completed and the correction started. Most likely, the price will move in a very narrow range during the next several days. When the price leaves this range, the fifth wave will start.

Wave Analysis 29.07.2011 (USD/CHF, EUR/USD)

At the daily chart we can see the extension in wave (3) with the third wave inside it. On the minor wav level wave [5] of 3 is being formed. At the moment we have no reasons to consider the reverse of an existing trend. The forecast will remain bearish for the next several days. The final target of wave (3) is at the level of 1.75.

Wave Analysis 28.07.2011 (USD/CHF, EUR/USD)

Wave [5] of 3 with the third wave inside it continues. Judging by the current wave structure, we may conclude that bearish trend will continue as well. After wave (3) is completed, the correction may take place.

Wave Analysis 27.07.2011 (USD/CHF, EUR/USD)

Bears keep pushing Franc down. After horizontal triangle has been completed, we can see the formation of wave [5] of 3 with the third wave inside it. The forecast is still bearish. Wave (3) may be completed within the next several days.

Wave Analysis 26.07.2011 (USD/CHF, EUR/USD)

The price keeps falling down while forming wave (3) of [5]. Internal structure of the third wave is not completely formed yet, that’s why the price will most likely reach several new minimums. Short term forecast of the price movement is shown on the chart, we can expect the start of bearish trend.

Wave Analysis 25.07.2011 (USD/CHF, EUR/USD)

As we expected last Friday, descending trend resumed its movement and the price started forming wave (3) of [5]. The wave is far from completion, that’s why we can expect it to continue during the start of the week. The correction may take place at the end of the week.