Elliott waves for Forex correlation analysis

The price experienced significant volatility during the past trading day. Despite this, the overall direction remained upward. It is still assumed that an upward impulse is developing, which is also Wave 3. Being at predetermined levels, such as the high of Wave 1, the price may temporarily stall

As for the instrument under consideration, there were still no changes during the past trading day. The price continues to remain within a certain price range. It is also worth noting the decrease in the amplitude of fluctuations, which may indicate preparation for a sharp surge in one direction o

The NASDAQ index is once again coming to life, preparing for another march in its favorite direction. Right now, the price is cautiously peeping out above the range within which the correction developed for some time. Most likely, buyers will manage to consolidate at new values, allowing the price