Here you will find the daily Forex analysis based on the famous Elliott Wave theory. Five currency pairs are researched in each video — EUR/USD, GBP/USD, USD/CHF, AUD/USD and EUR/JPY. A Forex forecast is produced for each of them using the Elliott Wave count techniques and some supporting indicators. The videos are recorded by Muhammad Azeem, who practices Elliott Wave techniques since 2005 and works in Forex technical analysis since 2001. Watch the latest video uploaded on February 22, 2012:
It is recommended to view the videos in a full screen mode.
AUD/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0843 price level. Price has created a possible impulsive leading wave A. So, as long as price stay below 1.0843 resistance level, look for sell trades. If bullish candlestick closes above 1.0843 critical resistance level then down trend is going to end.
EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 104.64 price level. So, as long as price stay above 104.64 support level, look for buy trades. If bearish candlestick closes below 104.64 critical support level then up trend is going to end.
EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3292 price level. So, as long as price stay below 1.3292 resistance level, look for sell trades. If bullish candlestick closes above 1.3292 critical resistance level then down trend is going to end.
GBP/USD
Trend is sideways in 1 hour chart. Intraday support at 1.5798 price level has been broken. So, it is better to stay out until price go above 1.5823 resistance level or breaks below 1.5761 support level.
USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9205 price level. So, as long as price stay below 0.9205 resistance level, look for sell trades. If bullish candlestick closes above 0.9205 critical resistance level then down trend is going to end.
Below, you can browse the archives of the previous daily videos:
2012:
February, January.
2011:
December, November, October, September, August, July, June, May, April, March.
You can discuss these daily Elliott Wave analysis videos on our technical analysis Forex forum.
