Elliott waves for Forex correlation analysis

Buyers had just enough strength to slightly exceed the previously established maximum, which is barely noticeable on the chart. Nonetheless, a new maximum was set. Immediately after this, the price moved in the opposite direction, indicating the start of a correction. Given the previous significan

The situation in the pair is similar to what is observed with EUR/USD. Here too, the development of a strong bullish wave, apparently an impulse, has ended, and a decline has begun. It is possible that the formed impulse is wave 1 within wave [iii] of the higher timeframe. Thus, the observed decli

During the last trading day, the formation of a descending impulsive wave in the USD/JPY pair likely concluded. This might be just the beginning of a significant and prolonged bearish movement. In the near term, we can expect a corrective pullback, which may take the form of a simple zigzag. This