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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.

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.
21.12.2015

Wave Analysis 21.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Eurodollar is still being corrected in the wave 4, which is taking the form of the zigzag.
18.12.2015

Wave Analysis 18.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar is still forming the wave [b] of 4.
17.12.2015

Wave Analysis 17.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After finishing the wave [a], the pair has started a new local correction.
16.12.2015

Wave Analysis 16.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the pair has formed the wave [a] and started a new local correction.
15.12.2015

Wave Analysis 15.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Pound may yet continue forming the wave [ii].
14.12.2015

Wave Analysis 14.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The fast ascending movement made by Pound last Friday has completely changed the chart structure.
11.12.2015

Wave Analysis 11.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Eurodollar has completed the ascending zigzag in the wave 4.
10.12.2015

Wave Analysis 10.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Yen has broken the critical level and finished the impulse in the wave [c] of the zigzag in the wave X.
09.12.2015

Wave Analysis 09.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

As we can see at the H1 chart, Pound has formed the zigzag in the wave (v), the bullish impulse in the wave (a), and then the wave (b).
08.12.2015

Wave Analysis 08.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, last week Eurodollar completed the descending impulse in the wave 3 or C.
04.12.2015

Wave Analysis 04.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Yesterday the price started a fast ascending movement.
03.12.2015

Wave Analysis 03.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like Eurodollar completed the wave (v) of [iii] on Wednesday and started a new correction.