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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.


Wave Analysis 04.07.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the EUR/USD pair is about to complete the wave (ii).

Wave Analysis 01.07.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of the EUR/USD pair, the correction continues.

Wave Analysis 30.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

The EUR/USD pair is still being corrected.

Wave Analysis 29.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It’s highly likely that the GBP/USD pair has started forming the extension in the wave [iii].

Wave Analysis 28.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It’s highly likely that Eurodollar has started forming the descending extension in the wave (iii).

Wave Analysis 27.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

After completing the wave [ii] in the form of the zigzag, Eurodollar formed the descending impulse in the wave (i).

Wave Analysis 24.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

At the daily chart, Pound is forming the fifth wave of the descending impulse (C).

Wave Analysis 23.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar continues forming the flat, which may finally transform into the horizontal triangle.

Wave Analysis 22.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

In case of Eurodollar, the chart structure is getting more complicated.

Wave Analysis 21.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar is still being corrected.

Wave Analysis 20.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Eurodollar is forming the ascending impulse (c) in the zigzag [ii].

Wave Analysis 17.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Yesterday’s growth may result in the continuation of the correctional wave [ii].

Wave Analysis 16.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, yesterday Eurodollar completed the wave (ii) in the form of the flat.

Wave Analysis 15.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like after finishing the wave [ii] in the form of the zigzag, Eurodollar has started falling inside the third wave.

Wave Analysis 14.06.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Probably, Yen is forming the diagonal triangle c in the wave (ii), which is taking the form of the zigzag.