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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.

28.09.2016

Wave Analysis 28.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the EUR/USD pair finished the wave [ii]. Earlier, the price formed the descending wedge in the wave [i].
27.09.2016

Wave Analysis 27.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the EUR/USD pair is about to finish the wave [ii].
26.09.2016

Wave Analysis 26.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, after finishing the wave (B) in the form of the horizontal triangle, the EUR/USD pair completed the descending wedge in the wave [i].
23.09.2016

Wave Analysis 23.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the EUR/USD pair finished the wave (B) in the form of the horizontal triangle and then completed the descending wedge in the wave [i].
22.09.2016

Wave Analysis 22.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of the EUR/USD pair, the chart structure was changed.
21.09.2016

Wave Analysis 21.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, the EUR/USD pair completed the wave (B) in the form of the horizontal triangle and then the descending impulse in the wave [i], which means that the price may extend the wave [iii].
20.09.2016

Wave Analysis 20.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, after finishing the triangle in the wave (B), the EUR/USD pair completed the descending impulse in the wave [i] and the correctional wave [ii].
19.09.2016

Wave Analysis 19.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the EUR/USD pair has completed the wave E of (B) in the form of the horizontal triangle.