May 21, 2015 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 21, 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 0.8162 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 bearish in 1 hour chart. Intraday resistance is present at 136.94 price level. So, as long as price stay below 136.94 resistance level, look for sell trades. If bullish candlestick closes above 136.94 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1321 price level. So, as long as price stay below 1.1321 resistance level, look for sell trades. If bullish candlestick closes above 1.1321 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5700 price level. So, as long as price stay below 1.5700 resistance level, look for sell trades. If bullish candlestick closes above 1.5700 critical resistance level then down 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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