Daily Elliott Wave Video Analysis — July 14, 2011

The daily Elliott Wave analysis video for July 14, 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 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 1.4373 price level. So, as long as price stay below 1.4373 resistance level, look for sell trades. If bullish candlestick closes above 1.4373 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5903 price level. Price is also above 200 period ema. So, as long as price stay above 1.5903 support level, look for buy trades. If bearish candlestick closes below 1.5903 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.8520 price level. So, as long as price stay below 0.8520 resistance level, look for sell trades. If bullish candlestick closes above 0.8520 critical resistance level then down trend is going to end.

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