Daily Elliott Wave Video Analysis — February 7, 2013

The daily Elliott Wave analysis video for February 7, 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 1.0457 price level. So, as long as price stay below 1.0457 resistance level, look for sell trades. If bullish candlestick closes above 1.0457 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 123.98 price level. So, as long as price stay above 123.98 support level, look for buy trades. If bearish candlestick closes below 123.98 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3710 price level. So, as long as price stay below 1.3710 resistance level, look for sell trades. If bullish candlestick closes above 1.3710 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5991 price level. So, as long as price stay below 1.5991 resistance level, look for sell trades. If bullish candlestick closes above 1.5991 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9226 price level. So, as long as price stay below 0.9226 resistance level, look for sell trades. If bullish candlestick closes above 0.9226 critical resistance level then down trend is going to end.

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