Elliott waves for Forex correlation analysis

The price during the past trading day fully confirmed the expectations placed on it. After fluctuating for some time within a certain range, the downward movement resumed, leading to the update of the current local minimum. This likely marked the beginning of the final wave 5 in the forming downwa

The price movement pattern of the British pound has recently resembled that of the euro. Here, too, a downward impulse is likely developing, which is wave [c] of a zigzag. The price is now in the final part of this model, wave 5, and its completion is imminent. Sellers are likely to try to complet

While the dollar is successfully strengthening against the pound and euro, some problems have arisen with the yen. Having started to grow confidently and clearly aiming to update the current local maximum, the price suddenly stalled and allowed sellers to push it back to the lower forming line of