April 16, 2013 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for April 16, 2013, 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 1.0394 price level. So, as long as price stay below 1.0394 resistance level, look for sell trades. If bullish candlestick closes above 1.0394 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 128.63 price level. So, as long as price stay below 128.63 resistance level, look for sell trades. If bullish candlestick closes above 128.63 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3106 price level. So, as long as price stay below 1.3106 resistance level, look for sell trades. If bullish candlestick closes above 1.3106 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5343 price level. So, as long as price stay below 1.5343 resistance level, look for sell trades. If bullish candlestick closes above 1.5343 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9267 price level. So, as long as price stay above 0.9267 support level, look for buy trades. If bearish candlestick closes below 0.9267 critical support level then up trend is going to end.

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