May 29, 2014 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 29, 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 0.9325 price level. So, as long as price stay below 0.9325 resistance level, look for sell trades. If bullish candlestick closes above 0.9325 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 139.35 price level. So, as long as price stay below 139.35 resistance level, look for sell trades. If bullish candlestick closes above 139.35 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3668 price level. So, as long as price stay below 1.3668 resistance level, look for sell trades. Bullish divergence is building up with MACD, expect a possible bottom in price. If bullish candlestick closes above 1.3668 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6814 price level. So, as long as price stay below 1.6814 resistance level, look for sell trades. If bullish candlestick closes above 1.6814 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.8881 price level. So, as long as price stay above 0.8881 support level, look for buy trades. Bearish divergence is building up with MACD, expect a possible top in price. If bearish candlestick closes below 0.8881 critical support level then up trend is going to end.

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