Elliott waves for Forex correlation analysis

The price was unable to resume its upward movement during the previous trading day, although it did attempt to do so, but the attempt was unsuccessful. The buyers' enthusiasm was quickly dampened, and the minor upward spike was immediately halted, with the price returning to the starting point of

During the previous trading day, there were no significant changes in the price movement. Buyers, as with the euro, attempted to push the price up, but nothing substantial came out of it. Their opponents managed to quickly extinguish the growing momentum. As a result, the correction, likely the fo

Sellers managed to completely reverse the earlier sharp price jump, which confirms the previously made assumptions regarding further impulse declines. Now, the buyers seem to be broken, and this is an opportunity for the Japanese yen to improve its position by strengthening slightly. It’s possible