February 7, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for February 7, 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 bullish in 1 hour chart. Intraday support is present at 1.3025 price level. Price is creating possible bullish tri-angle pattern. So, as long as price stay above 1.3025 support level, look for buy trades. If bearish candlestick closes below 1.3025 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5704 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 0.9262 price level. So, as long as price stay below 0.9262 resistance level, look for sell trades. If bullish candlestick closes above 0.9262 critical resistance level then down trend is going to end.

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