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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.

30.11.2015

Wave Analysis 30.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the pair is still forming the descending extension in the wave 3.
26.11.2015

Wave Analysis 26.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Eurodollar, the chart structure has been changed a bit.
25.11.2015

Wave Analysis 25.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After finishing the wave [ii] in the form of the zigzag, Pound is trying to resume its descending movement.
24.11.2015

Wave Analysis 24.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Eurodollar is still forming the extension in the wave [iii].
23.11.2015

Wave Analysis 23.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar is still forming the extension in the wave [iii].
20.11.2015

Wave Analysis 20.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Australian Dollar is about to finish the wave [ii] in the form of the zigzag.
19.11.2015

Wave Analysis 19.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Australian Dollar is about to finish the wave [ii] in the form of the zigzag.
18.11.2015

Wave Analysis 18.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the pair has formed the wedge in the wave [i].
17.11.2015

Wave Analysis 17.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Eurodollar is forming the extension in the third wave.
16.11.2015

Wave Analysis 16.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Pound has finished the wave [ii].
13.11.2015

Wave Analysis 13.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

As we can see at the H1 chart, the wave (ii) has taken the form of the double three.
12.11.2015

Wave Analysis 12.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Eurodollar has completed the wave (ii) of [iii].
11.11.2015

Wave Analysis 11.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Eurodollar, the correction continues.
10.11.2015

Wave Analysis 10.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Pound, the price continues forming the bearish impulse in the wave [i].
09.11.2015

Wave Analysis 09.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Eurodollar has completed the first wave in the wave [iii].