November 15, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for November 15, 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 bearish in 1 hour chart. Intraday resistance is present at 1.0404 price level. So, as long as price stay below 1.0404 resistance level, look for sell trades. If bullish candlestick closes above 1.0404 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 104.73 price level. So, as long as price stay above 104.73 support level, look for buy trades. If bearish candlestick closes below 104.73 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3868 price level. So, as long as price stay below 1.3868 resistance level, look for sell trades. If bullish candlestick closes above 1.3868 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6129 price level. So, as long as price stay below 1.6129 resistance level, look for sell trades. If bullish candlestick closes above 1.6129 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.8920 price level. So, as long as price stay above 0.8920 support level, look for buy trades. If bearish candlestick closes below 0.8920 critical support level then up trend is going to end.

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