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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.

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.
26.02.2016

Wave analysis EUR/USD, GBP/USD, USD/JPY and AUD/USD on 26.02.2016

Formation of the descending impulse in wave [i] for the euro dollar continues.
25.02.2016

Wave analysis EUR/USD, GBP/USD, USD/JPY and AUD/USD on 25.02.2016

Formation of the descending impulse in wave [i] on the euro dollar continues.
24.02.2016

Wave analysis EUR/USD, GBP/USD, USD/JPY and AUD/USD on 24.02.2016

The formation of wave (iii) continues on the four-hour euro dollar chart.
23.02.2016

Wave Analysis 23.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After the end of the upward momentum in the wave [c] of C, the euro dollar resumed its decline.
22.02.2016

Wave Analysis 22.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After the end of the upward momentum in the wave [c] of C, the euro dollar resumed its decline.
19.02.2016

Wave Analysis 19.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Pound continues forming the descending impulse in the wave [v] of 3.
18.02.2016

Wave Analysis 18.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like after finishing the descending impulse in the wave (i), Eurodollar has started a new correction in the wave (ii), which may complete on Thursday.
17.02.2016

Wave Analysis 17.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After finishing the wave [iv] in the form of the zigzag, Pound is trying to resume its descending movement.
16.02.2016

Wave Analysis 16.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After finishing the bullish impulse in the wave [c] of C, Eurodollar has resumed its decline.
15.02.2016

Wave Analysis 15.02.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Eurodollar has completed the diagonal triangle (v) and the bullish impulse [c].