June 7, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for June 7, 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 bullish in 1 hour chart. Intraday support is present at 0.9707 price level. So, as long as price stay above 0.9707 support level, look for buy trades. If bearish candlestick closes below 0.9707 critical support level then up 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 bullish in 1 hour chart. Intraday support is present at 1.2439 price level. So, as long as price stay above 1.2439 support level, look for buy trades. If bearish candlestick closes below 1.2439 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5428 price level. So, as long as price stay above 1.5428 support level, look for buy trades. If bearish candlestick closes below 1.5428 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9650 price level. So, as long as price stay below 0.9650 resistance level, look for sell trades. If bullish candlestick closes above 0.9650 critical resistance level then down trend is going to end.

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