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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.

13.10.2015

Wave Analysis 13.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

In case of Pound, the situation isn’t changing.
12.10.2015

Wave Analysis 12.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

The local correction in the wave (ii) of [iii] of 1 continues and it may take the form of the ascending double zigzag.
09.10.2015

Wave Analysis 09.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

The correction in the wave (ii) of [iii] of 1 has become a bit more complicated, but the main scenario remains the same – probably, in the nearest future the market may start a strong and significant decline in the wave (iii) of [iii] of 1.
08.10.2015

Wave Analysis 08.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

In case of Yen, the situation is still complicated.
07.10.2015

Wave Analysis 07.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

The local correction continues and it may be followed by a significant descending movement in the wave (iii) of [iii] of 1.
06.10.2015

Wave Analysis 06.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Just as we expected, Eurodollar is starting to fall slowly in the large descending impulse (iii) of [iii] of 1.
05.10.2015

Wave Analysis 05.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

During the market opening, Eurodollar chose the alternative scenario and reached a new local high, however it hasn’t changed the main scenario too much
02.10.2015

Wave Analysis 02.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Pound has been moving inside the narrow trading range for the second day in a row.
01.10.2015

Monthly Wave Analysis for October 2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Nothing has changed in comparison with our forecast for September.
30.09.2015

Wave Analysis 30.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

In case of Pound, the situation isn’t changing as well.
29.09.2015

Wave Analysis 29.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Eurodollar is still forming the local correction ii of (iii) of [iii], which may be followed by a fast decline in the wave iii of (iii) of [iii] and new local lows.
28.09.2015
297

Wave Analysis 28.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Eurodollar continues falling in the large descending impulse [iii] of 1 of (C).
25.09.2015
344

Wave Analysis 25.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Just as we expected. Pound has reached a new local low and almost completed the five-wave impulse i of (iii) of [iii].
24.09.2015
298

Wave Analysis 24.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

After finishing the wave (i) of [iii] of 1, Eurodollar has started the correction (ii) of [iii] of 1, which may be followed by a further decline in the wave (iii) of [iii] of 1.
23.09.2015
298

Wave Analysis 23.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Probably, right now Eurodollar is finishing the wave (i) of [iii] of 1, which may be followed by the short-tern correction (ii) of [iii] of 1.