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Wave analysis of the Forex market or Elliott wave principle is the type of technical analysis considering price to be similar to ebbs and flows. All price movements on the Forex market are subject to two types of waves:
- Impulse, or motive, phase – the waves which move price up or down (shown by digits)
- Correction phase: waves that respond to impulse (shown by letters).

2015	EURUSD	GBPUSD	USDJPY
02 10月
02 10月	In the fifth wave As for the considered pair, no significant and insignificant changes have so far occurred. The price clearly justifies the expectations placed upon it. It should be noted that after completion of the horizontal Triangle in the wave [iv], formation of descending impulse has begun. Internal structure of the momentum now points to development of the correctional wave ii of [v]. So, if this assu
01 10月	Scenario has changed, we expect an impulse drop	There are still chances for upward movement	The pair is preparing for a further drop
30 9月	Bullish picture	Bulls begin to activate	The fifth impulse wave
29 9月	Upward momentum continues to develop	In anticipation of the impulse growth	Development of the wave [v] of descending impulse
28 9月	Development of the third impulse wave	Emergence of long-term ascending impulse wave	Horizontal triangle is completed, decline is expected

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