February 3, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for February 3, 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 1.0670 price level. So, as long as price stay above 1.0670 support level, look for buy trades. If bearish candlestick closes below 1.0670 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 bearish in 1 hour chart. Intraday resistance is present at 1.3220 price level. So, as long as price stay below 1.3220 resistance level, look for sell trades. If bullish candlestick closes above 1.3220 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5704 price level. So, as long as price stay above 1.5704 support level, look for buy trades. If bearish candlestick closes below 1.5704 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9249 price level. So, as long as price stay below 0.9249 resistance level, look for sell trades. If bullish candlestick closes above 0.9249 critical resistance level then down trend is going to end.

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