August 5, 2013 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 5, 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 0.8968 price level. So, as long as price stay below 0.8968 resistance level, look for sell trades. If bullish candlestick closes above 0.8968 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 132.72 price level. So, as long as price stay below 132.72 resistance level, look for sell trades. If bullish candlestick closes above 132.72 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3162 price level. So, as long as price stay above 1.3162 support level, look for buy trades. If bearish candlestick closes below 1.3162 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5138 price level. So, as long as price stay above 1.5138 support level, look for buy trades. If bearish candlestick closes below 1.5138 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9252 price level. So, as long as price stay above 0.9252 support level, look for buy trades. If bearish candlestick closes below 0.9252 critical support level then up trend is going to end.

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