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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.


Wave Analysis 05.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar continues forming the wave C inside the large horizontal triangle.

Wave Analysis 04.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

At the daily chart, probably, Australian Dollar is forming the diagonal triangle in the wave 5 of (3).

Wave Analysis 03.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, some days ago Eurodollar finished the horizontal triangle in the wave 4 and then formed the bearish impulse in the wave [i].

Wave Analysis 02.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, at the end of last week the price finished the wave [iv] in the wave 5, which is taking the form of the diagonal triangle.

Wave Analysis 01.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The pair continues forming the descending extension in the wave 3; last week, the pair completed the fourth wave inside this wave.

Wave Analysis 29.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Eurodollar has finished the horizontal triangle in the wave 4; the pair has rebounded from the pattern’s upper border and is starting a new decline in the wave [i].

Wave Analysis 28.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar is still consolidating inside the horizontal triangle in the wave 4.

Wave Analysis 27.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Yen has completed the wave C in the form of the zigzag in the wave (4).

Wave Analysis 26.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The horizontal triangle in wave 4 continues.

Wave Analysis 25.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar continues forming the horizontal triangle in wave 4.

Wave Analysis 22.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar continues forming the horizontal triangle in wave 4.

Wave Analysis 21.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar continues forming the triangle in wave 4.

Wave Analysis 20.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Pound is still falling in the wave [iii].

Wave Analysis 19.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar continues moving sideways.

Wave Analysis 18.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the correction is transforming into the form of the horizontal triangle with the wave [c] completed inside it.