Daily Elliott Wave Video Analysis — July 22, 2011

The daily Elliott Wave analysis video for July 22, 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 bullish in 1 hour chart. Intraday support is present at 1.0692 price level. So, as long as price stay above 1.0692 support level, look for buy trades. If bearish candlestick closes below 1.0692 critical support level then up trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 111.43 price level. So, as long as price stay above 111.43 support level, look for buy trades. If bearish candlestick closes below 111.43 critical support level then up trend is going to end

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.4013 price level. So, as long as price stay above 1.4013 support level, look for buy trades. If bearish candlestick closes below 1.4013 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.6003 price level. So, as long as price stay above 1.6003 support level, look for buy trades. If bearish candlestick closes below 1.6003 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.8328 price level. So, as long as price stay below 0.8328 resistance level, look for sell trades. If bullish candlestick closes above 0.8328 critical resistance level then down trend is going to end.

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