June 5, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for June 5, 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 0.9896 price level. So, as long as price stay below 0.9896 resistance level, look for sell trades. If bullish candlestick closes above 0.9896 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 1.2542 price level. So, as long as price stay below 1.2542 resistance level, look for sell trades. If bullish candlestick closes above 1.2542 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5527 price level. So, as long as price stay below 1.5527 resistance level, look for sell trades. If bullish candlestick closes above 1.5527 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9575 price level. So, as long as price stay above 0.9575 support level, look for buy trades. If bearish candlestick closes below 0.9575 critical support level then up trend is going to end.

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