June 7, 2013 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for June 7, 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 0.9672 price level. So, as long as price stay below 0.9672 resistance level, look for sell trades. If bullish candlestick closes above 0.9672 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 130.71 price level. So, as long as price stay below 130.71 resistance level, look for sell trades. If bullish candlestick closes above 130.71 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3041 price level. So, as long as price stay above 1.3041 support level, look for buy trades. If bearish candlestick closes below 1.3041 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5331 price level. So, as long as price stay above 1.5331 support level, look for buy trades. If bearish candlestick closes below 1.5331 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9439 price level. So, as long as price stay below 0.9439 resistance level, look for sell trades. If bullish candlestick closes above 0.9439 critical resistance level then down trend is going to end.

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