Daily Elliott Wave Video Analysis — July 30, 2012

The daily Elliott Wave analysis video for July 30, 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 1.0381 price level. So, as long as price stay above 1.0381 support level, look for buy trades. If bearish candlestick closes below 1.0381 critical support level then up trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 95.62 price level. So, as long as price stay above 95.62 support level, look for buy trades. If bearish candlestick closes below 95.62 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2241 price level. So, as long as price stay above 1.2241 support level, look for buy trades. If bearish candlestick closes below 1.2241 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5664 price level. So, as long as price stay above 1.5664 support level, look for buy trades. If bearish candlestick closes below 1.5664 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9808 price level. So, as long as price stay below 0.9808 resistance level, look for sell trades. If bullish candlestick closes above 0.9808 critical resistance level then down trend is going to end.

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