December 15, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for December 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 1.0161 price level. So, as long as price stay below 1.0161 resistance level, look for sell trades. If bullish candlestick closes above 1.0161 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 101.81 price level. So, as long as price stay below 101.81 resistance level, look for sell trades. If bullish candlestick closes above 101.81 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3235 price level. So, as long as price stay below 1.3235 resistance level, look for sell trades. If bullish candlestick closes above 1.3235 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5656 price level. So, as long as price stay below 1.5656 resistance level, look for sell trades. If bullish candlestick closes above 1.5656 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9340 price level. So, as long as price stay above 0.9340 support level, look for buy trades. If bearish candlestick closes below 0.9340 critical support level then up trend is going to end.

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