Wave analysis is a type of technical analysis of the market. According to it, the basis of any market fluctuations is Elliot waves. Making market predictions based on wave patterns doesn’t require any indicators and is considered one of the most descriptive types of analysis. Thus, Elliott waves are interpreted as a graphical method of technical analysis, which makes it possible to understand the behaviour of market participants by studying price movement waves.
Wave analysis is considered a complex method, but it is recommended that every trader know its basics. This is necessary to understand the algorithms for the movement of the working currency pair, to see the point at which the currency pair is located during the movement, as well as to know further prospects - all this data helps to obtain wave analysis. On this page, you can familiarize yourself with the conclusions and market forecasts from RoboForex experts, made using wave analysis.
10.10.2011
We may assume that the price continues moving inside diagonal triangle pattern of wave 5. On the minor wave level one can see that the fourth wave is about to be finished. In the near term, we can expect the start of wave [5].
07.10.2011
Diagonal triangle pattern in wave 5 continues. On the minor wave level we can see the formation of the fourth wave. Most likely, the local correction will be finished in the nearest future, and we’ll see one more bullish wave.
06.10.2011
The price continues the formation of diagonal triangle pattern, it looks like the third wave inside the pattern has been completed, and now the fourth wave starts. The local correction may last several days, and after it is finished, the bulls, most likely, will try to test maximum again.
05.10.2011
The price continues growing while forming diagonal triangle pattern inside wave 5. On the minor wave level we can see that the third wave is almost finished. In the near term, we can expect the start of the local correction, and after it is finished, the price may continue growing in wave [5].
04.10.2011
The price continues moving upwards inside diagonal triangle pattern in wave 5. On the minor wave level we can see the formation of the third wave. In the near term, we can expect the rising movement to continue.
03.10.2011
There is a possibility that the price may continue moving upwards for some time. We may assume that the pattern which is being formed in wave 5 of (A) is going to take the form of diagonal triangle. On the minor wave level we can see the formation of the third wave. We also may suppose that the price may reach a new maximum on Monday.
30.09.2011
It looks like a rising impulse in wave (A) has been completed and at the moment the correction is taking place. On the minor wave level we can see the formation of wave A. Most likely, in the near term the price will continue moving downwards.
29.09.2011
It looks like wave (A) has been already completed, and now we can see the start of the correction, wave (B), in other words. On the minor wave level we can see the formation of an impulse in wave A. In the near term, we can expect the price to continue falling down.
