February 13, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for February 13, 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 bearish in 1 hour chart. Intraday resistance is present at 1.0823 price level. So, as long as price stay below 1.0823 resistance level, look for sell trades. If bullish candlestick closes above 1.0823 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 101.63 price level. So, as long as price stay above 101.63 support level, look for buy trades. If bearish candlestick closes below 101.63 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3153 price level. So, as long as price stay above 1.3153 support level, look for buy trades. If bearish candlestick closes below 1.3153 critical support level then up trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5848 price level. So, as long as price stay below 1.5848 resistance level, look for sell trades. If bullish candlestick closes above 1.5848 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9261 price level. So, as long as price stay below 0.9261 resistance level, look for sell trades. Bullish divergence is present with RSI, expect a possible bottom in price. If bullish candlestick closes above 0.9261 critical resistance level then down trend is going to end.

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