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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.

02.09.2016

Wave Analysis 02.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The main scenario remains the same and implies that the EUR/USD pair is forming the descending impulse in the wave [i].
01.09.2016

Wave Analysis 01.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair continues forming the descending impulse in the wave [i].
31.08.2016

Wave Analysis 31.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair continues forming the descending impulse in the wave [i].
30.08.2016

Wave Analysis 30.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the EUR/USD pair has started forming the bearish impulse in the wave [i].
29.08.2016

Wave Analysis 29.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, after finishing the horizontal triangle in the wave (B), the EUR/USD pair started forming the descending impulse in the wave [i].
26.08.2016

Wave Analysis 26.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The USD/JPY pair continues forming the diagonal triangle in the wave v of (iii).
25.08.2016

Wave Analysis 25.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The main scenario remains the same and implies that the EUR/USD pair is forming the horizontal triangle in the wave (B).
24.08.2016

Wave Analysis 24.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the EUR/USD pair has completed the wave [c] of E inside the diagonal triangle.
23.08.2016

Wave Analysis 23.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair continues forming the impulse in the wave [c] of E.
22.08.2016

Wave Analysis 22.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Possibly, the EUR/USD pair has already completed the horizontal triangle (B) with the zigzag E inside it.
19.08.2016

Wave Analysis 19.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair continues forming the ascending impulse in the wave [c] of E.
18.08.2016

Wave Analysis 18.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the EUR/USD pair continues forming the ascending impulse in the wave [c] of E.
17.08.2016

Wave Analysis 17.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The horizontal triangle in the wave [b] implies that the EUR/USD pair may continue its growth in the wave [c] of E in the nearest future.
16.08.2016

Wave Analysis 16.08.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of the EUR/USD pair, we have to go back to the scenario, which implies that the price is forming the wave (B), probably in the form of the triangle.