March 23, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for March 23, 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 1.0483 price level. So, as long as price stay below 1.0483 resistance level, look for sell trades. If bullish candlestick closes above 1.0483 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 110.45 price level. So, as long as price stay below 110.45 resistance level, look for sell trades. If bullish candlestick closes above 110.45 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3253 price level. So, as long as price stay below 1.3253 resistance level, look for sell trades. If bullish candlestick closes above 1.3253 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5691 price level. So, as long as price stay above 1.5691 support level, look for buy trades. If bearish candlestick closes below 1.5691 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9177 price level. So, as long as price stay below 0.9177 resistance level, look for sell trades. If bullish candlestick closes above 0.9177 critical resistance level then down trend is going to end.

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