Current short term Elliott wave view suggests rally from 1.5169 is unfolding in a double correction structure W-X-Y where wave W ended at 1.5554 and wave X ended at 1.5419. Wave Y is in progress and unfolding as a triple correction structure ((w))-((x))-((y))-((x))-((z)) where wave ((w)) ended at 1.56, wave ((x)) ended at 1.5484, wave ((y)) ended at 1.5756, second […]

Revised view suggests rally from 1.5169 is unfolding in a double correction structure W-X-Y where wave W ended at 1.5554 and wave X ended at 1.5419. Wave Y is in progress and unfolding in a triple correction structure ((w))-((x))-((y))-((x))-((z)) where wave ((w)) ended at 1.56, wave ((x)) ended at 1.5484, wave ((y)) ended at 1.5756, second wave ((x)) […]

Rally from 1.5169 low is unfolding in a triple correction ((w))-((x))-((y))-((z)) where wave ((w)) ended at 1.544, wave ((x)) ended at 1.5189, wave ((y)) ended at 1.5554, and second wave ((x)) ended at 1.5419. From second wave ((x)) low at 1.5419, the pair rallies in wave ((z)) as a double correction (w)-(x)-(y) where wave (w) ended […]

Below is a recap of our call and forecast for $GBP/AUD from our Chart of The Day post from 6/8/2015 – 6/12/2015. The pair has been steadily moving higher as we expected throughout the week. You can click the underlined link to view the original post on that date.   $GBP/AUD Chart of The Day posted at 6/9/2015 […]