June 12, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for June 12, 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 bullish in 1 hour chart. Intraday support is present at 98.52 price level. So, as long as price stay above 98.52 support level, look for buy trades. If bearish candlestick closes below 98.52 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2435 price level. So, as long as price stay above 1.2435 support level, look for buy trades. If bearish candlestick closes below 1.2435 critical support level then up trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5600 price level. So, as long as price stay below 1.5600 resistance level, look for sell trades. If bullish candlestick closes above 1.5600 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9656 price level. So, as long as price stay below 0.9656 resistance level, look for sell trades. If bullish candlestick closes above 0.9656 critical resistance level then down trend is going to end.

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