Daily Elliott Wave Video Analysis — May 29, 2013

The daily Elliott Wave analysis video for May 29, 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 0.9620 price level. So, as long as price stay below 0.9620 resistance level, look for sell trades. If bullish candlestick closes above 0.9620 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 133.80 price level. So, as long as price stay below 133.80 resistance level, look for sell trades. If bullish candlestick closes above 133.80 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2820 price level. So, as long as price stay above 1.2820 support level, look for buy trades. If bearish candlestick closes below 1.2820 critical support level then up 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 0.9837 price level. So, as long as price stay below 0.9837 resistance level, look for sell trades. If bullish candlestick closes above 0.9837 critical resistance level then down trend is going to end.

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