Capital Trust
Capital Trust

Oct 24, 2016

07:36 PM EDT

  • New York close
  • London close
  • Tokyo open
  • Sydney open
Market Analysis

Home » Opinions » GBPAUD Short-Term Elliott Wave Analysis – June 09, 2015

GBPAUD Short-Term Elliott Wave Analysis – June 09, 2015

Posted by EWF in Opinions - June 9th, 2015 11:59 am GMT


The 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 pulled back 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.

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.

Share!Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+

No comments yet.

You must be logged in to post a comment.

Forex, Commodities, Indices

Daily Updates

Daily Updates

Get the latest fundamental analyses, technical analyses and the most up-to-date Forex news catered to your interests, everyday.