May 1, 2013 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 1, 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 bullish in 1 hour chart. Intraday support is present at 1.0261 price level. So, as long as price stay above 1.0261 support level, look for buy trades. If bearish candlestick closes below 1.0261 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 131.11 price level. So, as long as price stay below 131.11 resistance level, look for sell trades. If bullish candlestick closes above 131.11 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3053 price level. So, as long as price stay above 1.3053 support level, look for buy trades. If bearish candlestick closes below 1.3053 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5471 price level. So, as long as price stay above 1.5471 support level, look for buy trades. If bearish candlestick closes below 1.5471 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9421 price level. So, as long as price stay below 0.9421 resistance level, look for sell trades. If bullish candlestick closes above 0.9421 critical resistance level then down trend is going to end.

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