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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.

08.04.2016

Wave Analysis 08.04.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Eurodollar is about to complete the double zigzag in the wave [y] of 2.
07.04.2016

Wave Analysis 07.04.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Eurodollar, the chart structure is becoming more and more complicated.
06.04.2016

Wave Analysis 06.04.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Eurodollar has finished the wave 2 of the larger diagonal triangle.
05.04.2016

Wave Analysis 05.04.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After finishing the wave 4, the price has formed the bearish impulse in the wave [i] and the ascending correction.
04.04.2016

Wave Analysis 04.04.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, last week Eurodollar finished the wave 2 of the larger diagonal triangle.
01.04.2016

Wave Analysis 01.04.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Eurodollar, the chart structure has been changed again.
31.03.2016

Wave Analysis 31.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Eurodollar, the chart structure has been changed.
30.03.2016

Wave Analysis 30.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Eurodollar has finished the horizontal triangle in the wave (B) and then the descending impulse in the wave [i].
29.03.2016

Wave Analysis 29.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Eurodollar has completed the wave [ii] and right now is about to start a new decline.
28.03.2016

Wave Analysis 28.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, last week Eurodollar completed the horizontal triangle in the wave (B) and then the descending impulse in the wave [i].
25.03.2016

Wave Analysis 25.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like after completing the horizontal triangle in the wave (B), Eurodollar has formed the bearish impulse in the wave [i].
24.03.2016

Wave Analysis 24.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Possibly, Eurodollar has completed the bearish impulse in the wave [i].
23.03.2016

Wave Analysis 23.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like after completing the wave 4 in the form of the zigzag, Pound has resumed its descending movement.
22.03.2016

Wave Analysis 22.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After completing the wave 4 in the form of the zigzag, Pound is attempting to resume its descending movement.
21.03.2016

Wave Analysis 21.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, at the end of the last week Eurodollar completed the horizontal triangle in the wave (B).