Daily Elliott Wave Video Analysis — May 20, 2014

The daily Elliott Wave analysis video for May 20, 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 bearish in 1 hour chart. Intraday resistance is present at 0.9369 price level. So, as long as price stay below 0.9369 resistance level, look for sell trades. If bullish candlestick closes above 0.9369 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 139.85 price level. So, as long as price stay below 139.85 resistance level, look for sell trades. If bullish candlestick closes above 139.85 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3771 price level. So, as long as price stay below 1.3771 resistance level, look for sell trades. If bullish candlestick closes above 1.3771 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6873 price level. So, as long as price stay below 1.6873 resistance level, look for sell trades. If bullish candlestick closes above 1.6873 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.8864 price level. So, as long as price stay above 0.8864 support level, look for buy trades. If bearish candlestick closes below 0.8864 critical support level then up trend is going to end.

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