Daily Elliott Wave Video Analysis — January 29, 2013

The daily Elliott Wave analysis video for January 29, 2013, is available here. The video will always remain accessible via the current link for future reference. 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 watch the video in a fullscreen mode.


AUD/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0484 price level. So, as long as price stay below 1.0484 resistance level, look for sell trades. If bullish candlestick closes above 1.0484 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 120.69 price level. So, as long as price stay above 120.69 support level, look for buy trades. If bearish candlestick closes below 120.69 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3347 price level. So, as long as price stay above 1.3347 support level, look for buy trades. If bearish candlestick closes below 1.3347 critical support level then up trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5892 price level. So, as long as price stay below 1.5892 resistance level, look for sell trades. If bullish candlestick closes above 1.5892 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9345 price level. So, as long as price stay below 0.9345 resistance level, look for sell trades. If bullish candlestick closes above 0.9345 critical resistance level then down trend is going to end.

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