December 12, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for December 12, 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 1.0514 price level. So, as long as price stay above 1.0514 support level, look for buy trades. If bearish candlestick closes below 1.0514 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 107.95 price level. So, as long as price stay below 107.95 resistance level, look for sell trades. If bullish candlestick closes above 107.95 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3125 price level. So, as long as price stay below 1.3125 resistance level, look for sell trades. If bullish candlestick closes above 1.3125 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.6000 price level. So, as long as price stay above 1.6000 support level, look for buy trades. If bearish candlestick closes below 1.6000 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9240 price level. So, as long as price stay above 0.9240 support level, look for buy trades. If bearish candlestick closes below 0.9240 critical support level then up trend is going to end.

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