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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.

06.11.2015

Wave Analysis 06.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Pound has started a fast decline.
05.11.2015

Wave Analysis 05.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Eurodollar has completed the wave [ii], and right now is starting a new descending movement.
04.11.2015

Wave Analysis 04.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Pound is still being corrected.
03.11.2015

Wave Analysis 03.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After finishing the descending impulse in the wave [i] of 3, Eurodollar has started the correction.
02.11.2015

Wave Analysis 02.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

At the H4 chart of EUR USD, Eurodollar has formed the descending impulse in the wave [i].
30.10.2015

Wave Analysis 30.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Eurodollar continues forming the local correction (ii) of [iii] of 1, which may be followed by a further decline of the pair.
29.10.2015

Wave Analysis 29.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Pound is about to finish the wave (1) of [1] of iii, which may be followed by the short-term ascending correction (2) of [1] of iii and a further decline of the pair.
28.10.2015

Wave Analysis 28.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Eurodollar is about to complete the wave (i) of [iii] of 1 inside the large descending impulse, which may be followed by the short-term ascending correction (ii) of [iii] of 1.
27.10.2015

Wave Analysis 27.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

The forecast remains the same.
26.10.2015

Wave Analysis 26.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Eurodollar continues forming the descending impulse in the wave [iii] of 1 of (C).
23.10.2015

Wave Analysis 23.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Just as we expected, after finishing the correction ii of (i) of [iii], the price has started falling fast in the wave iii of (i) of [iii].
22.10.2015

Wave Analysis 22.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

The price is finishing the local correction inside the large descending impulse.
21.10.2015

Wave Analysis 21.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Yen has moved very close to the critical level.
20.10.2015

Wave Analysis 20.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

After finishing the local correction (ii) of [iii] of 1 in the form of the ascending double zigzag, Eurodollar has formed the first descending impulse in the wave (iii) of [iii] of 1.
19.10.2015

Wave Analysis 19.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Probably, after finishing the correction (ii) of [iii] of 1, Eurodollar has formed the first descending impulse of a new large decline.