March 6, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for March 6, 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 1.0816 price level. So, as long as price stay below 1.0816 resistance level, look for sell trades. If bullish candlestick closes above 1.0816 critical resistance level then down 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 bearish in 1 hour chart. Intraday resistance is present at 1.3240 price level. So, as long as price stay below 1.3240 resistance level, look for sell trades. If bullish candlestick closes above 1.3240 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5881 price level. So, as long as price stay below 1.5881 resistance level, look for sell trades. If bullish candlestick closes above 1.5881 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9105 price level. So, as long as price stay above 0.9105 support level, look for buy trades. If bearish candlestick closes below 0.9105 critical support level then up trend is going to end.

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