Daily Elliott Wave Video Analysis — May 21, 2013

The daily Elliott Wave analysis video for May 21, 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 bullish in 1 hour chart. Intraday support is present at 0.9721 price level. So, as long as price stay above 0.9721 support level, look for buy trades. If bearish candlestick closes below 0.9721 critical support level then up trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 130.78 price level. So, as long as price stay above 130.78 support level, look for buy trades. If bearish candlestick closes below 130.78 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2933 price level. So, as long as price stay below 1.2933 resistance level, look for sell trades. If bullish candlestick closes above 1.2933 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5322 price level. So, as long as price stay below 1.5322 resistance level, look for sell trades. If bullish candlestick closes above 1.5322 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9576 price level. So, as long as price stay above 0.9576 support level, look for buy trades. If bearish candlestick closes below 0.9576 critical support level then up trend is going to end.

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