February 24, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for February 24, 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 1.0596 price level. Price has completed a possible Zig Zag corrective wave pattern. So, as long as price stay above 1.0596 support level, look for buy trades. If bearish candlestick closes below 1.0596 critical support level then up trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 105.09 price level. So, as long as price stay above 105.09 support level, look for buy trades. If bearish candlestick closes below 105.09 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3268 price level. So, as long as price stay above 1.3268 support level, look for buy trades. If bearish candlestick closes below 1.3268 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5647 price level. So, as long as price stay above 1.5647 support level, look for buy trades. If bearish candlestick closes below 1.5647 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9078 price level. So, as long as price stay below 0.9078 resistance level, look for sell trades. If bullish candlestick closes above 0.9078 critical resistance level then down trend is going to end.

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