October 6, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for October 6, 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 0.9486 price level. So, as long as price stay above 0.9486 support level, look for buy trades. If bearish candlestick closes below 0.9486 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 102.94 price level. So, as long as price stay below 102.94 resistance level, look for sell trades. If bullish candlestick closes above 102.94 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3679 price level. So, as long as price stay below 1.3679 resistance level, look for sell trades. If bullish candlestick closes above 1.3679 critical resistance level then down trend is going to end.

GBP/USD
Trend is sideways in 1 hour chart. Intraday support at 1.5421 price level has been broken. It is better to stay out untill price go above 1.5494 resistance level or breaks below 1.5333 support level.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.8916 price level. So, as long as price stay above 0.8916 support level, look for buy trades. If bearish candlestick closes below 0.8916 critical support level then up trend is going to end.

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