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.

07.06.2017

Wave Analysis 07.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the EUR/USD pair finished the ascending wave [a] or [w].
07.06.2017

Murrey Math Lines 07.06.2017 (EUR/USD, GBP/JPY)

The EUR/USD pair is still consolidating inside the “overbought zone” between the 8/8 and +1/8 levels.
06.06.2017

Wave Analysis 06.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the EUR/USD pair is about to finish the ascending wave [a] or [w].
05.06.2017

Wave Analysis 05.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair is still forming the ascending wave [a] or [w].
02.06.2017

Wave Analysis 02.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair is still forming the wave [a] or [w].
01.06.2017

Wave Analysis 01.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the EUR/USD pair is still being corrected to the upside and probably forming the ascending wave [5] of c.
31.05.2017

Wave Analysis 31.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It’s highly likely that the EUR/USD pair completed the double zigzag in the wave [a] of [w].
30.05.2017

Wave Analysis 30.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair completed the double zigzag in the wave [a] of [w].