May 2, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 2, 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 time frame. Intraday support is present at 1.0774. Price is also above 200 period ema. So, as long as price stay above 1.0774 support level, look for buy trades. If bearish candlestick closes below 1.0774 critical support level then up trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 118.48 price level. So, as long as price stay above 118.48 support level, look for buy trades. If bearish candlestick closes below 118.48 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour time frame. Intraday support is present at 1.4631. The over all price action looks corrective. If bearish candlestick closes below 1.4631 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.6522 price level. So, as long as price stay above 1.6522 support level, look for buy trades. If bearish candlestick closes below 1.6522 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour time frame. Intraday resistance is present at 0.8832 level. Price is also below 200 period ema. So, as long as price stay below 0.8832 resistance level, look for sell trades. If bullish candlestick closes above 0.8832 critical resistance level then down trend is going to end.

Below, you can browse the archives of the previous daily videos:

Monday Tuesday Wednesday Thursday Friday Saturday Sunday
1
2345678
9101112131415
16171819202122
23242526272829
3031

2018:
January.

2017:
February, March, April, May, June, July, August, September, October, November, December.

2016:
January, February, March, April, May, June, July, August, September, October, November, December.

2015:
January, February, March, April, May, June, July, August, September, October, November, December.

2014:
January, February, March, April, May, June, July, August, September, October, November, December.

2013:
January, February, March, April, May, June, July, August, September, October, November, December.

2012:
January, February, March, April, May, June, July, August, September, October, November, December.

2011:
March, April, May, June, July, August, September, October, November, December.

You can discuss these daily Elliott Wave analysis videos on our technical analysis Forex forum.