Elliott wave Analysis: AUDNZD and GBPUSD Updates 

gbpusd 4h

Gregor - Author BIO photo



AUDNZD was unclear and complex the last few days, but currently we see a very interesting corrective a-b-c structure in which wave c might have completed an EW ending diagonal. If we get a bounce with five waves and if pair breaks above 1.0654 level, then AUDNZD could be back in bullish mode.



intraday audnzd apr 17 2018

GBPUSD is currently unfolding a sharp and strong movement within final wave 5, which looks to be extended. We can see that price broke above the 1.4244 mark, which means that a new high is now in place, however bulls may slowly start to slow down as we see some possible resistance levels come into play. We are talking about Fibonacci ratios of 61.8 and 138.2-161.8, which can offer a turning point lower.


gbpusd 4h


An Elliott wave ending diagonal is a five-wave overlapping movement, which can cause a sharp and strong turn in the opposite direction. It has a 3-3-3-3-3 structure. It usually appears primarily in the fifth wave position, in the C wave position of A-B- C and in double or triple threes as the final “C” wave.

Elliott wave ending diagonal:

ending diagonal


Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.



By Gregor Horvat

Find more: Contributing Authors


Leave a Comment

Broker Cyprus TopFX