• 450 days Will The ECB Continue To Hike Rates?
  • 451 days Forbes: Aramco Remains Largest Company In The Middle East
  • 452 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 852 days Could Crypto Overtake Traditional Investment?
  • 857 days Americans Still Quitting Jobs At Record Pace
  • 859 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 862 days Is The Dollar Too Strong?
  • 862 days Big Tech Disappoints Investors on Earnings Calls
  • 863 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 865 days China Is Quietly Trying To Distance Itself From Russia
  • 865 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 869 days Crypto Investors Won Big In 2021
  • 869 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 870 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 872 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 873 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 876 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 877 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 877 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 879 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

GBP/AUD Short-Term Elliott Wave Analysis

Decline to 1.95991 completed wave X. From this level, the pair rallied in wave (w) in the form of a double correction w-x-y where wave w ended at 2.004, wave x ended at 1.9822, and wave y of (w) ended at 2.00707. The pair then pullback in wave (x) also in the form of a double correction w-x-y where wave w ended at 1.9915, wave x ended at 2.0017, and wave y of (x) is in progress towards 1.9821 - 1.9858. We don't like selling the proposed wave (x) pullback. Expect the pair to turn higher to complete wave ((w)) towards 2.02664 - 2.03709 once wave (x) pullback is complete in 3, 7, or 11 swing as far as 1.95991 pivot stays intact.

GBP/AUD Short-Term Elliott Wave Analysis Chart
Larger Image

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 

Back to homepage

Leave a comment

Leave a comment