November 21, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for November 21, 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 1.0107 price level. So, as long as price stay below 1.0107 resistance level, look for sell trades. If bullish candlestick closes above 1.0107 critical resistance level then down trend is going to end.

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

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3795 price level. So, as long as price stay below 1.3795 resistance level, look for sell trades. However; bullish divergence is present with MACD, expect a possible bottom. If bullish candlestick closes above 1.3795 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6092 price level. So, as long as price stay below 1.6092 resistance level, look for sell trades. If bullish candlestick closes above 1.6092 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9221 price level. So, as long as price stay below 0.9221 resistance level, look for sell trades. If bullish candlestick closes above 0.9221 critical resistance level then down trend is going to end.

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