Daily Elliott Wave Video Analysis — May 23, 2013

The daily Elliott Wave analysis video for May 23, 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 0.9739 price level. So, as long as price stay below 0.9739 resistance level, look for sell trades. If bullish candlestick closes above 0.9739 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 131.94 price level. So, as long as price stay below 131.94 resistance level, look for sell trades. If bullish candlestick closes above 131.94 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2996 price level. So, as long as price stay below 1.2996 resistance level, look for sell trades. If bullish candlestick closes above 1.2996 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5156 price level. So, as long as price stay below 1.5156 resistance level, look for sell trades. If bullish candlestick closes above 1.5156 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9770 price level. So, as long as price stay below 0.9770 resistance level, look for sell trades. If bullish candlestick closes above 0.9770 critical resistance level then down trend is going to end.

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