January 31, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for January 31, 2012, 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 1.0426 price level. So, as long as price stay above 1.0426 support level, look for buy trades. If bearish candlestick closes below 1.0426 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 102.19 price level. So, as long as price stay below 102.19 resistance level, look for sell trades. If bullish candlestick closes above 102.19 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3076 price level. So, as long as price stay above 1.3076 support level, look for buy trades. If bearish candlestick closes below 1.3076 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5640 price level. So, as long as price stay above 1.5640 support level, look for buy trades. If bearish candlestick closes below 1.5640 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9227 price level. So, as long as price stay below 0.9227 resistance level, look for sell trades. If bullish candlestick closes above 0.9227 critical resistance level then down trend is going to end.

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