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"So in case of forex, since IMHO, a certain currency won't be foreverly stronger than another, and so there shouldn't be any 'impulse' from a Cycle or SuperCycle perspective. Without impulse, then we'll only in correction all the time."
Yes, essentially, as is the case with many commodities, though impulse waves still exist; also currencies can go into 'meltdown', vis the Rouble.
"Another perspective is that, the currency pairs are relative. That means EUR/USD is EUR/USD because it's set to be EUR/USD. If EUR/USD is not EUR/USD but USD/EUR, will EWT be reversed to be 5 wave down, 3 wave up, 5 wave down, 3 wave up and ended with 5 wave down?"
Yes, and many charting programs allow you to invert charts.
"Finally, if stock market index is a way to track economy performance of a certain country, Forex can be viewed as the relative performance of 2 certain countries. With say, US economy follows EWT and say JP economy follows EWT, will the result of the comaprison of 2 economies, i.e. USD/YEN, follows EWT too? Why?"
Neither the US economy nor currencies follow the EWT. Stock markets are thermometers of optimism and pessimism. Currencies are a substitute for goods/labour. To trade is to negotiate, currencies are negotiable.
All that the EWT is Wavetrader, is a measuring tool — a tape measure with ambiguous how-to-measure instructions. Wallace.
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