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 22.07.2011 (USD/CHF, EUR/USD)

We may assume that wave (3) started inside bearish impulse of wave [5] of 3. Most likely the price will reach new minimum today or on Monday. The forecast is still bearish, the price may continue falling down.

Wave Analysis 21.07.2011 (USD/CHF, EUR/USD)

After horizontal triangle in wave [4] had been completed, impulse in wave [5] of 3 started. On the minor wave level, the second wave might have been finished. The forecast is still bullish. Within the next several days we can expect the start of wave (3) with the target at the level of 0.7950.

Wave Analysis 20.07.2011 (USD/CHF, EUR/USD)

After horizontal triangle in wave [4] and initial descending impulse in wave (1) were completed, the correction started. We may suppose that it’s the second wave. The forecast is still bearish. In the near term, we can expect wave (2) to be finished and the price to continue moving downwards.

Wave Analysis 19.07.2011 (USD/CHF, EUR/USD)

Current prolonged correction forces us to change the wave markings. It seems that the range of wave [E] inside the triangle was not big. After the wave [E] had been completed, impulse in wave [5] started. On the minor wave level, wave (1) was completed, wave (2) is being formed at the moment. After wave (2) is completed, the price may resume its descending movement.

Wave Analysis 15.07.2011 (USD/CHF, EUR/USD)

A descending impulse and the fourth wave are being formed inside wave [5] of 3. This local correction may be finished during the day on Friday. After that we should expect wave (5) of [5] to start.

Wave Analysis 14.07.2011 (USD/CHF, EUR/USD)

In full accordance to our forecast, after completing horizontal pattern, Franc keeps moving downwards and forming an impulse inside wave [5]. At the moment we can see the formation of wave (3), and its internal structure is not completed yet. The price may fall even lower during the day.

Wave Analysis 13.07.2011 (USD/CHF, EUR/USD)

Wave 2 lacks one wave, (5) of [C], to complete the formation of zigzag pattern. This wave may be formed by the end of today. One is recommended to wait for bullish impulse before starting buying the pair.

Wave Analysis 12.07.2011 (USD/CHF, EUR/USD)

The market was only able to break the triangle’s lower border, and then the correction started. Most likely it won’t be long, and the descending movement, which is forming wave [5] of 3, will resume.