Daily Elliott Wave Video Analysis — May 9, 2014

The daily Elliott Wave analysis video for May 9, 2014, 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 bullish in 1 hour chart. Intraday support is present at 0.9317 price level. So, as long as price stay above 0.9317 support level, look for buy trades. If bearish candlestick closes below 0.9317 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 142.46 price level. So, as long as price stay below 142.46 resistance level, look for sell trades. If bullish candlestick closes above 142.46 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3811 price level. So, as long as price stay above 1.3811 support level, look for buy trades. If bearish candlestick closes below 1.3811 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.6818 price level. So, as long as price stay above 1.6818 support level, look for buy trades. If bearish candlestick closes below 1.6818 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.8861 price level. So, as long as price stay below 0.8861 resistance level, look for sell trades. If bullish candlestick closes above 0.8861 critical resistance level then down trend is going to end.

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