May 25, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 25, 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 bearish in 1 hour time frame. Intraday resistance is present at 1.0709 price level. So, as long as price stay below 1.0709 resistance level, look for sell trades. Bullish divergence is present with MACD. If bullish candlestick closes above 1.0709 critical resistance level then down trend is going to end.

EUR/JPY
Trend is sideways in 1 hour chart. It is better to stay out untill price go above 117.22 resistance level or breaks below 113.39 support level.

EUR/USD
Trend is bearish in 1 hour time frame. Intraday resistance is present at 1.4138 level. So, as long as price stay below 1.4138 resistance level, look for sell trades. If bullish candlestick closes above 1.4138 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour time frame. Intraday resistance is present at 1.6302 price level. Price is also below 200 period ema. So, as long as price stay below 1.6302 resistance level, look for sell trades. If bullish candlestick closes above 1.6302 critical resistance level then down trend is going to end.

USD/CHF
Trend is sideways in 1 hour time frame. Intraday support is present at 0.8705 and intraday resistance is present at 0.8893 level. It is better to stay out untill price go above 0.8893 resistance level or breaks below 0.8705 support level.

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