October 19, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for October 19, 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 1.0200 price level. So, as long as price stay above 1.0200 support level, look for buy trades. If bearish candlestick closes below 1.0200 critical support level then up trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 103.04 price level. So, as long as price stay above 103.04 support level, look for buy trades. If bearish candlestick closes below 103.04 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2991 price level. So, as long as price stay above 1.2991 support level, look for buy trades. If bearish candlestick closes below 1.2991 critical support level then up trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6216 price level. So, as long as price stay below 1.6216 resistance level, look for sell trades. If bullish candlestick closes above 1.6216 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9286 price level. So, as long as price stay below 0.9286 resistance level, look for sell trades. If bullish candlestick closes above 0.9286 critical resistance level then down trend is going to end.

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