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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.

18.03.2016

Wave Analysis 18.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Eurodollar has completed the horizontal triangle in the wave (B).
17.03.2016

Wave Analysis 17.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Eurodollar, the chart structure has been changed.
16.03.2016

Wave Analysis 16.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Eurodollar has formed the flat in the wave [ii].
15.03.2016

Wave Analysis 15.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Eurodollar has completed the wave [ii] in the form of the flat.
14.03.2016

Wave Analysis 14.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, last week Eurodollar completed the wave [ii] in the form of the flat.
11.03.2016

Wave Analysis 11.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the wave [ii] is taking the form of the zigzag, and the bullish rally, which took place yesterday, was the wave (c) inside it.
10.03.2016

Wave Analysis 10.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After completing the extension in the wave 3, Pound has started a new correction.
09.03.2016

Wave Analysis 09.03.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar is still being corrected.
08.03.2016

Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on March 8, 2016

The correction of Euro-Dollar pair is continuing. Apparently, wave [ii] takes the look of zigzag where just recently the wave (b) was completed.
07.03.2016

Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on March 7, 2016

Supposedly, on the past week, the upward Euro-Dollar correction has begun.
04.03.2016

Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on March 4, 2016

As it was expected, Euro-Dollar pair started correction. Probably, the bullish impulse in the wave (a) is developing.
03.03.2016

Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on March 3, 2016

Quite likely, the formation of downward impulse in the wave [i] is completed.
02.03.2016

The wave analysis of EUR/USD, GBP/USD, USD/JPY и AUD/USD on March 2, 2016

Probably, the Euro-Dollar pair has completed the formation of the descending impulse in the wave [i], as part of which the fifth wave has been completed.
01.03.2016

Wave analysis of the EUR / USD, GBP / USD, USD / JPY and AUD / USD on March 1, 2016

Formation of the declining impulse in wave [i] is continued.
29.02.2016

Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on 29.02.2016

Presumably, in the euro dollar the formation of the descending impulse in wave [i] completed.