August 3, 2015 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 3, 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 0.7416 price level. So, as long as price stay below 0.7416 resistance level, look for sell trades. If bullish candlestick closes above 0.7416 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 137.78 price level. So, as long as price stay below 137.78 resistance level, look for sell trades. If bullish candlestick closes above 137.78 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1128 price level. So, as long as price stay below 1.1128 resistance level, look for sell trades. If bullish candlestick closes above 1.1128 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5466 price level. So, as long as price stay above 1.5466 support level, look for buy trades. If bearish candlestick closes below 1.5466 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9525 price level. So, as long as price stay above 0.9525 support level, look for buy trades. If bearish candlestick closes below 0.9525 critical support level then up trend is going to end.

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