Daily Elliott Wave Video Analysis — March 2, 2012

The daily Elliott Wave analysis video for March 2, 2012, is available here. The video will always remain accessible via the current link for future reference. 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 watch the video in a fullscreen mode.


AUD/USD
Trend is sideways in 1 hour chart. Intraday support at 1.0727 price level has been broken. So, it is better to stay out until price go above 1.0855 resistance level or breaks below 1.0714 support level.

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 bearish in 1 hour chart. Intraday resistance is present at 1.3486 price level. So, as long as price stay below 1.3486 resistance level, look for sell trades. If bullish candlestick closes above 1.3486 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5798 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 bullish in 1 hour chart. Intraday support is present at 0.8935 price level. So, as long as price stay above 0.8935 support level, look for buy trades. If bearish candlestick closes below 0.8935 critical support level then up trend is going to end.

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