November 7, 2014 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for November 7, 2014, 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 bearish in 1 hour chart. Intraday resistance is present at 0.8761 price level. So, as long as price stay below 0.8761 resistance level, look for sell trades. If bullish candlestick closes above 0.8761 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 141.68 price level. So, as long as price stay above 141.68 support level, look for buy trades. If bearish candlestick closes below 141.68 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2576 price level. So, as long as price stay below 1.2576 resistance level, look for sell trades. If bullish candlestick closes above 1.2576 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.6021 price level. So, as long as price stay below 1.6021 resistance level, look for sell trades. If bullish candlestick closes above 1.6021 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9578 price level. So, as long as price stay above 0.9578 support level, look for buy trades. If bearish candlestick closes below 0.9578 critical support level then up trend is going to end.

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