August 12, 2013 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 12, 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 bullish in 1 hour chart. Intraday support is present at 0.9083 price level. So, as long as price stay above 0.9083 support level, look for buy trades. If bearish candlestick closes below 0.9083 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 129.70 price level. So, as long as price stay below 129.70 resistance level, look for sell trades. If bullish candlestick closes above 129.70 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3264 price level. So, as long as price stay above 1.3264 support level, look for buy trades. If bearish candlestick closes below 1.3264 critical support level then up trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5573 price level. So, as long as price stay below 1.5573 resistance level, look for sell trades. If bullish candlestick closes above 1.5573 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9174 price level. So, as long as price stay above 0.9174 support level, look for buy trades. If bearish candlestick closes below 0.9174 critical support level then up trend is going to end.

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