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.

25.04.2017

Wave Analysis 25.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the GBP/USD pair is forming the ascending impulse in the wave C of (4).
24.04.2017

Wave Analysis 24.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair broke the critical level of the previous scenario, that’s why the main scenario had to be changed.
21.04.2017

Wave Analysis 21.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the GBP/USD pair is forming the ascending impulse in the wave C of (4).
20.04.2017

Wave Analysis 20.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the EUR/USD pair completed forming the wave [ii].
19.04.2017

Wave Analysis 19.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair continues forming the wave [ii].
18.04.2017

Wave Analysis 18.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The GBP/USD pair is testing the horizontal triangle’s upside border and finishing the wave e of this pattern.
17.04.2017

Wave Analysis 17.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After completing the impulse in the wave [i], the AUD/USD pair started forming the wave [ii].
14.04.2017

Wave Analysis 14.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, after finishing the descending impulse in the wave [i], the EUR/USD pair completed the wave [ii].