August 1, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 1, 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 bullish in 1 hour chart. Intraday support is present at 1.0909 price level. So, as long as price stay above 1.0909 support level, look for buy trades. If bearish candlestick closes below 1.0909 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 113.99 price level. So, as long as price stay below 113.99 resistance level, look for sell trades. If bullish candlestick closes above 113.99 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4529 price level. So, as long as price stay below 1.4529 resistance level, look for sell trades. If bullish candlestick closes above 1.4529 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.6259 price level. So, as long as price stay above 1.6259 support level, look for buy trades. If bearish candlestick closes below 1.6259 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.8076 price level. So, as long as price stay below 0.8076 resistance level, look for sell trades. If bullish candlestick closes above 0.8076 critical resistance level then down trend is going to end.

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