February 29, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for February 29, 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 1.0727 price level. So, as long as price stay above 1.0727 support level, look for buy trades. If bearish candlestick closes below 1.0727 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 109.84 price level. So, as long as price stay below 109.84 resistance level, look for sell trades. If bullish candlestick closes above 109.84 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3365 price level. So, as long as price stay above 1.3365 support level, look for buy trades. If bearish candlestick closes below 1.3365 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5798 price level. So, as long as price stay above 1.5798 support level, look for buy trades. If bearish candlestick closes below 1.5798 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9010 price level. So, as long as price stay below 0.9010 resistance level, look for sell trades. If bullish candlestick closes above 0.9010 critical resistance level then down trend is going to end.

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