GBPAUD Short Term Elliott Wave Update 9.16.2015

Revised short term Elliottwave suggests the decline from wave ((X)) at 2.21 is unfolding in a triple three structure WXYZ where wave W ended at 2.167, wave X ended at 2.193, wave Y ended at 2.151, second wave X ended at 2.17, and wave Z lower is in progress and can reach as low as 2.116 – 2.127 to finish wave (W) before a larger bounce in wave (X). Near term, the pair can bounce in wave ((x)) towards 2.158 – 2.161 before turning lower again. As far as 2.21 pivot stays intact during the bounce, expect the pair to resume the lower to complete wave (W).

GBPAUD20150915211842

At EWF we offer  24 hour coverage of 42 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer!

Back

Subscribe to our Forex Blog

First Name: *
Last Name: *
Your Email Address: *