December 22, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for December 22, 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 0.9662 price level. So, as long as price stay above 0.9662 support level, look for buy trades. If bearish candlestick closes below 0.9662 critical support level then up trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 101.02 price level. So, as long as price stay above 101.02 support level, look for buy trades. If bearish candlestick closes below 101.02 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2944 price level. So, as long as price stay above 1.2944 support level, look for buy trades. If bearish candlestick closes below 1.2944 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5463 price level. So, as long as price stay above 1.5463 support level, look for buy trades. If bearish candlestick closes below 1.5463 critical support level then up trend is going to end.

USD/CHF
Trend is sideways in 1 hour chart. Intraday resistance at 0.9380 price level has been broken. So, it is better to stay out until price go above 0.9546 resistance level or breaks below 0.9241 support level.

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