Daily Elliott Wave Video Analysis — August 8, 2014

The daily Elliott Wave analysis video for August 8, 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 0.9373 price level. So, as long as price stay below 0.9373 resistance level, look for sell trades. If bullish candlestick closes above 0.9373 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 137.11 price level. So, as long as price stay below 137.11 resistance level, look for sell trades. If bullish candlestick closes above 137.11 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3443 price level. So, as long as price stay below 1.3443 resistance level, look for sell trades. If bullish candlestick closes above 1.3443 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6887 price level. So, as long as price stay below 1.6887 resistance level, look for sell trades. If bullish candlestick closes above 1.6887 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9039 price level. So, as long as price stay above 0.9039 support level, look for buy trades. If bearish candlestick closes below 0.9039 critical support level then up trend is going to end.

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