May 30, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 30, 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 0.9933 price level. So, as long as price stay below 0.9933 resistance level, look for sell trades. If bullish candlestick closes above 0.9933 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 100.33 price level. So, as long as price stay below 100.33 resistance level, look for sell trades. If bullish candlestick closes above 100.33 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2623 price level. So, as long as price stay below 1.2623 resistance level, look for sell trades. If bullish candlestick closes above 1.2623 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5725 price level. So, as long as price stay below 1.5725 resistance level, look for sell trades. If bullish candlestick closes above 1.5725 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9526 price level. So, as long as price stay above 0.9526 support level, look for buy trades. If bearish candlestick closes below 0.9526 critical support level then up trend is going to end.

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