Daily Elliott Wave Video Analysis — May 14, 2013

The daily Elliott Wave analysis video for May 14, 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 1.0095 price level. So, as long as price stay below 1.0095 resistance level, look for sell trades. If bullish candlestick closes above 1.0095 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 128.96 price level. So, as long as price stay above 128.96 support level, look for buy trades. If bearish candlestick closes below 128.96 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3050 price level. So, as long as price stay below 1.3050 resistance level, look for sell trades. If bullish candlestick closes above 1.3050 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5383 price level. So, as long as price stay below 1.5383 resistance level, look for sell trades. If bullish candlestick closes above 1.5383 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9469 price level. So, as long as price stay above 0.9469 support level, look for buy trades. If bearish candlestick closes below 0.9469 critical support level then up trend is going to end.

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