October 8, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for October 8, 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 1.0274 price level. So, as long as price stay below 1.0274 resistance level, look for sell trades. If bullish candlestick closes above 1.0274 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 101.84 price level. So, as long as price stay above 101.84 support level, look for buy trades. If bearish candlestick closes below 101.84 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2967 price level. So, as long as price stay above 1.2967 support level, look for buy trades. If bearish candlestick closes below 1.2967 critical support level then up trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6309 price level. So, as long as price stay below 1.6309 resistance level, look for sell trades. If bullish candlestick closes above 1.6309 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9331 price level. So, as long as price stay below 0.9331 resistance level, look for sell trades. If bullish candlestick closes above 0.9331 critical resistance level then down trend is going to end.

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