May 3, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 3, 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 1.0431 price level. So, as long as price stay below 1.0431 resistance level, look for sell trades. If bullish candlestick closes above 1.0431 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 106.53 price level. So, as long as price stay below 106.53 resistance level, look for sell trades. If bullish candlestick closes above 106.53 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3229 price level. So, as long as price stay below 1.3229 resistance level, look for sell trades. If bullish candlestick closes above 1.3229 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.6150 price level. So, as long as price stay above 1.6150 support level, look for buy trades. If bearish candlestick closes below 1.6150 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9072 price level. So, as long as price stay above 0.9072 support level, look for buy trades. If bearish candlestick closes below 0.9072 critical support level then up trend is going to end.

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