FX.co ★ GBP/AUD

Hello everyone! In the GBP/AUD cross market on the lower wave degree of the maximally compressed M30 chart, a multi-timeframe comprehensive analysis that includes Elliott Wave Analysis (EWA), MACD histogram readings (Moving Average Convergence/Divergence indicator), and the positioning of Smoothed exponential moving averages with periods 55, 89, 144, as well as the probability of technical and wave pattern realization, suggests as the main scenario that a local downward correction is currently forming.