May 16, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 16, 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 1.0016 price level. So, as long as price stay below 1.0016 resistance level, look for sell trades. If bullish candlestick closes above 1.0016 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 104.45 price level. So, as long as price stay below 104.45 resistance level, look for sell trades. If bullish candlestick closes above 104.45 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2868 price level. So, as long as price stay below 1.2868 resistance level, look for sell trades. If bullish candlestick closes above 1.2868 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6112 price level. So, as long as price stay below 1.6112 resistance level, look for sell trades. If bullish candlestick closes above 1.6112 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9332 price level. So, as long as price stay above 0.9332 support level, look for buy trades. If bearish candlestick closes below 0.9332 critical support level then up trend is going to end.

Below, you can browse the archives of the previous daily videos:

Monday Tuesday Wednesday Thursday Friday Saturday Sunday
123456
78910111213
14151617181920
21222324252627
28293031

2018:
January, February, March, April, May, June, July, August, September, October.

2017:
January, February, March, April, May, June, July, August, September, October, November, December.

2016:
January, February, March, April, May, June, July, August, September, October, November, December.

2015:
January, February, March, April, May, June, July, August, September, October, November, December.

2014:
January, February, March, April, May, June, July, August, September, October, November, December.

2013:
January, February, March, April, May, June, July, August, September, October, November, December.

2012:
January, February, March, April, May, June, July, August, September, October, November, December.

2011:
March, April, May, June, July, August, September, October, November, December.

You can discuss these daily Elliott Wave analysis videos on our technical analysis Forex forum.