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.

29.05.2017

Wave Analysis 29.05.2017 (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].
26.05.2017

Wave Analysis 26.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Admittedly, the double zigzag within the wave [a] or [w] has been completed.
25.05.2017

Wave Analysis 25.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

A double zigzag in the wave [a] or [w] has been completed already, and this opens a prospect for a bearish correction.
24.05.2017

Wave Analysis 24.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Admittedly, a double zigzag within the wave [a] or [w] has been completed.
23.05.2017

Wave Analysis 23.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair keeps forming a double zigzag within the wave [a] or [w].
22.05.2017

Wave Analysis 22.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The double zigzag within the wave [a] or [w] keeps being formed, and this wave is giving the way for an ascending zigzag of the wave (y).
19.05.2017

Wave Analysis 19.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair is trading its local highs. Thus, it is not improbable that the double zigzag within the wave [a] or [w] will be formed.
18.05.2017

Wave Analysis 18.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It is not improbable that the double zigzag within the wave [a] or [w] has been completed.