Elliott waves for Forex correlation analysis

The swift strengthening of the Euro against the Dollar has brought the price to a previously established maximum. It is likely that a breakout and a new high will occur in the near future. The previously considered analysis is deemed inaccurate due to this, prompting the exploration of an alternat

Unlike the Euro, the Pound has already managed to surpass its local maximum. This development indicates the inaccuracy of the previously considered analysis, necessitating a reassessment. One of the possible scenarios could be an upward movement within a double zigzag as part of a connecting wave

The situation with the considered pair is currently unfolding within the previously proposed wave scenario, where a decline is anticipated within the framework of an initial diagonal triangle. At the moment, the development of wave (i) is likely completed. Subsequently, a significant retracement o