Elliott waves for Forex correlation analysis

Wave Analysis: EUR/USD is currently trading with a bearish bias. Yesterday, the pair broke below the wedge, headed short, but is yet to reach our target support 1.380. During this intraday, we expect a minor retracement towards 1.1444 to continue short with our ultimate target at 1.1283. However, i

Wave Analysis GBP/USD is currently trading with a bearish bias. Yesterday, instead of retracing to the red trendline as previously forecasted, the pair made minor pullbacks to the upper side but could not close below 1.4473. As long as the level 1.4473 protects the lower side, we expect an upward a

Wave Analysis: USD/JPY is currently trading with a bullish bias. For the past two days, the pair have been making higher lows, but not closing below the red trend line forming bottom of the triangle. As long as the pair trades within this triangle, we sit on the sidelines and wait for a clear break