Daily Elliott Wave Video Analysis — May 18, 2015

The daily Elliott Wave analysis video for May 18, 2015, 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 0.8162 price level. So, as long as price stay below 0.8162 resistance level, look for sell trades. If bullish candlestick closes above 0.8162 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 bearish in 1 hour chart. Intraday resistance is present at 1.1467 price level. So, as long as price stay below 1.1467 resistance level, look for sell trades. If bullish candlestick closes above 1.1467 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5632 price level. So, as long as price stay above 1.5632 support level, look for buy trades. If bearish candlestick closes below 1.5632 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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