Elliott waves for Forex correlation analysis

Wave Analysis: Since the previous day's forecast, the corrective wave (b) continues to rally upwards but is still below the daily resistance level 1.1862. We're waiting for a possible rebound from this level, to short the impulsive wave (c). Ideally should the price rebound from 1.1862, then we exp

Wave Analysis: Perfectly as previously forecasted, the impulsive wave (1) stretched slightly to the upper side and is still pretty much bullish both on the daily and the weekly charts. During this intraday, we expect a possible extension of the impulsive wave (1) to the upper side and should break

Wave Analysis: Perfectly as previously forecasted, the impulsive wave (E) corrected it self slightly to the upper side but has currently picked a momentum to the lower side. During this intraday, we're expecting a possible extension of the impulsive wave (E) to the lower side but should not go beyo