August 30, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 30, 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 1.0312 price level. So, as long as price stay above 1.0312 support level, look for buy trades. If bearish candlestick closes below 1.0312 critical support level then up trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 108.99 price level. So, as long as price stay above 108.99 support level, look for buy trades. If bearish candlestick closes below 108.99 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.4258 price level. So, as long as price stay above 1.4258 support level, look for buy trades. However; bearish divergence is present with MACD, expect a possible top and a drop in price. If bearish candlestick closes below 1.4258 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.6330 price level. So, as long as price stay above 1.6330 support level, look for buy trades. If bearish candlestick closes below 1.6330 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.7766 price level. So, as long as price stay above 0.7766 support level, look for buy trades. If bearish candlestick closes below 0.7766 critical support level then up trend is going to end.

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