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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.

14.01.2016

Wave Analysis 14.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar is still forming the wave 4, which is probably taking the form of the zigzag.
13.01.2016

Wave Analysis 13.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar is still being corrected.
12.01.2016

Wave Analysis 12.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Pound, the downtrend continues.
11.01.2016

Wave Analysis 11.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Eurodollar continues forming the bullish impulse in the wave [c] of the wave 4.
08.01.2016

Wave Analysis 08.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Eurodollar has finished the wave [b].
07.01.2016

Wave Analysis 07.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Eurodollar, the price continues forming the wave [b].
06.01.2016

Wave Analysis 06.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Eurodollar, the correction continues.
05.01.2016

Wave Analysis 05.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar is still being corrected.
04.01.2016

Wave Analysis 04.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After New Year holidays, the market opened without any surprises.
30.12.2015

Monthly Wave Analysis for January 2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

At the daily chart, Eurodollar is forming the descending impulse in the wave (C).
29.12.2015

Wave Analysis 29.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Australian Dollar is about to finish the wave [ii].
28.12.2015

Wave Analysis 28.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Eurodollar is forming the wave 4, which may be taking the form of the zigzag.
24.12.2015

Wave analysis of the EUR/USD, GBP/USD, USD/JPY and AUD/USD on 24.12.2015

The euro dollar continues the formation of wave 4, and takes the form of a zigzag. Previously it formed a downward momentum in the wave 3 or C.
23.12.2015

Wave analysis EUR/USD, GBP/USD, USD/JPY and AUD/USD on 23.12.2015

The euro dollar continues the formation of wave 4, which is taking the form of a zigzag. Previously a downward momentum in the wave 3 of C was formed.
22.12.2015

Wave Analysis 22.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After finishing the wave [ii], Pound is attempting to resume its decline.