December 18, 2012 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for December 18, 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 1.0584 price level. So, as long as price stay below 1.0584 resistance level, look for sell trades. If bullish candlestick closes above 1.0584 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 109.03 price level. So, as long as price stay above 109.03 support level, look for buy trades. If bearish candlestick closes below 109.03 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3099 price level. So, as long as price stay above 1.3099 support level, look for buy trades. If bearish candlestick closes below 1.3099 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.6082 price level. So, as long as price stay above 1.6082 support level, look for buy trades. If bearish candlestick closes below 1.6082 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9208 price level. So, as long as price stay below 0.9208 resistance level, look for sell trades. If bullish candlestick closes above 0.9208 critical resistance level then down trend is going to end.

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