May 12, 2015 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 12, 2015, 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 0.8075 price level. So, as long as price stay below 0.8075 resistance level, look for sell trades. If bullish candlestick closes above 0.8075 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 133.08 price level. So, as long as price stay above 133.08 support level, look for buy trades. If bearish candlestick closes below 133.08 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.1066 price level. So, as long as price stay above 1.1066 support level, look for buy trades. If bearish candlestick closes below 1.1066 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5088 price level. So, as long as price stay above 1.5088 support level, look for buy trades. If bearish candlestick closes below 1.5088 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9446 price level. So, as long as price stay below 0.9446 resistance level, look for sell trades. If bullish candlestick closes above 0.9446 critical resistance level then down trend is going to end.

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