Daily Elliott Wave Video Analysis — February 1, 2012
The daily Elliott Wave analysis video for February 1, 2012, is available here. The video will always remain accessible via the current link for future reference. 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 watch the video in a fullscreen 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 100.87 price level. So, as long as price stay below 100.87 resistance level, look for sell trades. If bullish candlestick closes above 100.87 critical resistance level then down trend is going to end.
EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3040 price level. So, as long as price stay above 1.3040 support level, look for buy trades. If bearish candlestick closes below 1.3040 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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