July 23, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for July 23, 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 1.0424 price level. So, as long as price stay below 1.0424 resistance level, look for sell trades. If bullish candlestick closes above 1.0424 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 95.31 price level. So, as long as price stay below 95.31 resistance level, look for sell trades. If bullish candlestick closes above 95.31 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2324 price level. So, as long as price stay below 1.2324 resistance level, look for sell trades. If bullish candlestick closes above 1.2324 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5714 price level. So, as long as price stay below 1.5714 resistance level, look for sell trades. If bullish candlestick closes above 1.5714 critical resistance level then down trend is going to end.


USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9736 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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