Elliott waves for Forex correlation analysis

Wave Analysis: As expected, Euro rebounded perfectly from the support level 1.0710, headed massively long and even broke above the resistance level 1.0746. This level,1.0746, acted a key retracement between 7th and 9th of February 2017, thus, as long as the pair remains above this level, we expect

Wave Analysis: Despite the bearish engulfing candle seen yesterday at 08:00, the cable traded relentlessly to the upper side and even broke above a key retracement level 1.2395. This pair is in an overall uptrend, thus, we're only interested in signals pointing to the upper side. With that said, we

Wave Analysis: Instead of continuing short following the break below 113.64, the US Dollar continues to consolidate below 113.6 but is still pretty much bearish both on the daily and the weekly charts. Although we expect further bearish momentum, we choose to sit on the sidelines momentarily and wa