Daily Elliott Wave Video Analysis — June 9, 2011

The daily Elliott Wave analysis video for June 9, 2011, is available here. The video will always remain accessible via the current link for future reference. 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 watch the video in a fullscreen mode.


AUD/USD
Trend is bearish in 1 hour time frame. Intraday resistance is present at 1.0662 price level. So, as long as price stay below 1.0662 resistance level, look for sell trades. If bullish candlestick closes above 1.0662 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 115.75 level. So, as long as price stay above 115.75 support level, look for buy trades. If bearish candlestick closes below 115.75 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 1.4305 level. So, as long as price stay above 1.4305 support level, look for buy trades. If bearish candlestick closes below 1.4305 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour time frame. Intraday support is present at 1.6322 price level. So, as long as price stay above 1.6322 support level, look for buy trades. If bearish candlestick closes below 1.6322 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 0.8452 price level. Price is also below 200 peirod ema. So, as long as price stay below 0.8452 resistance level, look for sell trades. If bullish candlestick closes above 0.8452 critical resistance level then down trend is going to end.

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