Elliott waves for Forex correlation analysis

The market has come alive. As anticipated, the price continued to rise. However, it was not without its adventures. In an attempt to shake off unnecessary "passengers," there was a swift retracement, which was quickly bought up. The price not only returned to previous levels but also significantly

Nothing significantly important or extraordinary happened during the past trading day for the pair under consideration. Activity noticeably increased and came from buyers, as expected. The price is moving steadily higher and has already surpassed this year's maximum. Ahead lies the local maximum

The trading pair under consideration has finally started moving. The price has remained in a sideways range for a long time, relying on the designated support level. The breakthrough of this level led to a strong downward movement. Thus, the development of an impulse, which is part of wave (iii),