December 29, 2011 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for December 29, 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 0.9858 price level. So, as long as price stay above 0.9858 support level, look for buy trades. If bearish candlestick closes below 0.9858 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 102.34 price level. So, as long as price stay below 102.34 resistance level, look for sell trades. If bullish candlestick closes above 102.34 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3198 price level. So, as long as price stay below 1.3198 resistance level, look for sell trades. If bullish candlestick closes above 1.3198 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5407 price level. So, as long as price stay above 1.5407 support level, look for buy trades. If bearish candlestick closes below 1.5407 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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