August 16, 2013 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 16, 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 0.9004 price level. So, as long as price stay above 0.9004 support level, look for buy trades. If bearish candlestick closes below 0.9004 critical support level then up trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 128.89 price level. So, as long as price stay above 128.89 support level, look for buy trades. If bearish candlestick closes below 128.89 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3367 price level. So, as long as price stay below 1.3367 resistance level, look for sell trades. If bullish candlestick closes above 1.3367 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5421 price level. So, as long as price stay above 1.5421 support level, look for buy trades. If bearish candlestick closes below 1.5421 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9204 price level. So, as long as price stay above 0.9204 support level, look for buy trades. If bearish candlestick closes below 0.9204 critical support level then up trend is going to end.

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