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Forex Wave analysis and forecast

One of the key factors, which has influence on any trader’s success is his ability to correctly predict the market movements. The two main methods are technical and fundamental analysis of Forex market.

An important feature of fundamental analysis is its global nature. Events, which are analyzed in fundamental analysis, have long-term influence on supply and demand on the currency market. This information is composed of the news about the world’s biggest political and financial events. It’s hard to overestimate the influenced the news has on financial markets: when the most important news is published, the market volatility increases.

It’s quite easy for an experienced trader to analyze and predict how a single event may influence the market. However, analysis of several events, which may influence the market in completely different ways, is a very complicated and time-consuming process. This may be the reason why only approximately 20% of traders use fundamental analysis as their main forecasting tool.

Fundamental approach to Forex market analysis, unlike technical one, covers not only the prices and their changes, but the reasons for these changes as well. Each approach has its followers, advantages and disadvantages.

02.12.2016

Wave Analysis 02.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the EUR/USD pair completed the correctional wave 2.
01.12.2016

Wave Analysis 01.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After finishing the descending impulse in the wave 1, the EUR/USD pair started a new ascending correction.
30.11.2016

Wave Analysis 30.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair continues forming the correctional wave 2.
29.11.2016

Wave Analysis 29.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The main scenario remains the same and implies that the GBP/USD pair is forming the wave [iv] in the form of the triangle.
28.11.2016

Wave Analysis 28.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the EUR/USD pair finished the descending impulse in the wave 1 and started a new ascending correction.
25.11.2016

Wave Analysis 25.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the EUR/USD pair is still forming the descending impulse in the wave 1.
24.11.2016

Wave Analysis 24.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair is about to finish the extension in the wave [iii].
23.11.2016

Wave Analysis 23.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair is still forming the descending extension in the wave [iii].
22.11.2016

Wave Analysis 22.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, after finishing the wave [iv] in the form of the flat, the GBP/USD pair started falling in the wave (i).
21.11.2016

Wave Analysis 21.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair is still moving downwards in the wave [iii].
18.11.2016

Wave Analysis 18.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair is still moving downwards.
17.11.2016

Wave Analysis 17.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

At the H4 chart, the EUR/USD pair is forming the extension in the wave [iii].
15.11.2016

Wave Analysis 15.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

At the H4 chart, the EUR/USD pair is probably forming the extension in the wave [iii].
14.11.2016

Wave Analysis 14.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the EUR/USD pair completed the triangle in the wave (B) and then formed the descending impulse in the wave [i] along with the correction in the wave [ii].
11.11.2016

Wave Analysis 11.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the EUR/USD pair completed the triangle in the wave (B) and then formed the descending impulse in the wave [i].