July 13, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for July 13, 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 sideways in 1 hour chart. It is better to stay out untill price go above 1.0789 resistance level or breaks below 1.0524 support level.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 112.95 price level. So, as long as price stay below 112.95 resistance level, look for sell trades. If bullish candlestick closes above 112.95 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4061 price level. So, as long as price stay below 1.4061 resistance level, look for sell trades. If bullish candlestick closes above 1.4061 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6077 price level. Price is also below 200 period ema. So, as long as price stay below 1.6077 resistance level, look for sell trades. If bullish candlestick closes above 1.6077 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.8521 price level. So, as long as price stay below 0.8521 resistance level, look for sell trades. If bullish candlestick closes above 0.8521 critical resistance level then down trend is going to end.

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