Daily Elliott Wave Video Analysis — July 20, 2012

The daily Elliott Wave analysis video for July 20, 2012, is available here. The video will always remain accessible via the current link for future reference. 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 watch the video in a fullscreen mode.


AUD/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.0287 price level. So, as long as price stay above 1.0287 support level, look for buy trades. If bearish candlestick closes below 1.0287 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 97.37 price level. So, as long as price stay below 97.37 resistance level, look for sell trades. If bullish candlestick closes above 97.37 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2333 price level. So, as long as price stay below 1.2333 resistance level, look for sell trades. If bullish candlestick closes above 1.2333 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5635 price level. So, as long as price stay above 1.5635 support level, look for buy trades. If bearish candlestick closes below 1.5635 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9736 price level. So, as long as price stay above 0.9736 support level, look for buy trades. If bearish candlestick closes below 0.9736 critical support level then up trend is going to end.

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