May 6, 2013 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 6, 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 1.0384 price level. So, as long as price stay below 1.0384 resistance level, look for sell trades. If bullish candlestick closes above 1.0384 critical resistance level then down 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 bearish in 1 hour chart. Intraday resistance is present at 1.3241 price level. So, as long as price stay below 1.3241 resistance level, look for sell trades. If bullish candlestick closes above 1.3241 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5606 price level. So, as long as price stay below 1.5606 resistance level, look for sell trades. If bullish candlestick closes above 1.5606 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9245 price level. So, as long as price stay above 0.9245 support level, look for buy trades. If bearish candlestick closes below 0.9245 critical support level then up trend is going to end.

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