June 24, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for June 24, 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 chart. Intraday resistance is present at 1.0649 price level. So, as long as price stay below 1.0649 resistance level, look for sell trades. If bullish candlestick closes above 1.0649 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 115.80 price level. So, as long as price stay below 115.80 resistance level, look for sell trades. If bullish candlestick closes above 115.80 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4457 price level. So, as long as price stay below 1.4457 resistance level, look for sell trades. ADX dropped from 55 level, expect a possible bototm. If bullish candlestick closes above 1.4457 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 1.6261 level. Price is also below 200 period ema. So, as long as price stay below 1.6261 resistance level, look for sell trades. If bullish candlestick closes above 1.6261 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour time frame. Intraday resistance is present at 0.8561 price level. So, as long as price stay below 0.8561 resistance level, look for sell trades. If bullish candlestick closes above 0.8561 critical resistance level then down trend is going to end.

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