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July 7, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for July 7, 2011, is available here. The video will always remain accessible via the current link for a future relevance. You can use it to check the accuracy of our Elliott Wave forecasts or for your self-education in such analysis.

It is recommended to view the videos in a full screen mode.


AUD/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.0636 price level. So, as long as price stay above 1.0636 support level, look for buy trades. If bearish candlestick closes below 1.0636 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 117.02 price level. So, as long as price stay below 117.02 resistance level, look for sell trades. If bullish candlestick closes above 117.02 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4465 price level. So, as long as price stay below 1.4465 resistance level, look for sell trades. If bullish candlestick closes above 1.4465 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6126 price level. So, as long as price stay below 1.6126 resistance level, look for sell trades. If bullish candlestick closes above 1.6126 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.8306 price level. So, as long as price stay above 0.8306 support level, look for buy trades. If bearish candlestick closes below 0.8306 critical support level then up trend is going to end.

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