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GBPAUD Elliott Wave Analysis - Daily Chart Overview
GBPAUD Elliott Wave Technical Analysis
Trend: Bearish
Mode: Impulsive
Structure: Navy blue wave 3
Position: Gray wave 1
Next Direction: Lower levels, navy blue wave 3 in progress
Wave Cancellation Invalid Level: 2.00400
Analysis Breakdown
The GBPAUD Elliott Wave analysis on the daily chart indicates a bearish trend. The current mode of the market is impulsive, suggesting strong downward price movement. The structure being tracked is navy blue wave 3, which indicates continued downward momentum aligning with the overall trend.
GBPAUD Elliott Wave Analysis - 4-Hour Chart Overview
GBPAUD Elliott Wave Technical Analysis
Trend: Bearish
Mode: Impulsive
Structure: Navy blue wave 3
Position: Gray wave 1
Next Direction: Lower levels, navy blue wave 3 in progress
Wave Cancellation Invalid Level: 2.00400
Analysis Breakdown
The GBPAUD Elliott Wave analysis on the 4-hour chart indicates a bearish trend. The market is in an impulsive mode, which signals strong downward momentum. The current structure being tracked is navy blue wave 3, which points to further downside movement in alignment with the broader bearish trend.
Technical Analyst : Malik Awais
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