November 1, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for November 1, 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 1.0410 price level. So, as long as price stay below 1.0410 resistance level, look for sell trades. If bullish candlestick closes above 1.0410 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 104.41 price level. So, as long as price stay below 104.41 resistance level, look for sell trades. If bullish candlestick closes above 104.41 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2824 price level. So, as long as price stay above 1.2824 support level, look for buy trades. If bearish candlestick closes below 1.2824 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5912 price level. So, as long as price stay above 1.5912 support level, look for buy trades. If bearish candlestick closes below 1.5912 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9431 price level. So, as long as price stay below 0.9431 resistance level, look for sell trades. If bullish candlestick closes above 0.9431 critical resistance level then down trend is going to end.

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