August 20, 2015 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 20, 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 0.7438 price level. So, as long as price stay below 0.7438 resistance level, look for sell trades. If bullish candlestick closes above 0.7438 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 136.71 price level. So, as long as price stay above 136.71 support level, look for buy trades. If bearish candlestick closes below 136.71 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.0942 price level. So, as long as price stay above 1.0942 support level, look for buy trades. If bearish candlestick closes below 1.0942 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.5535 price level. So, as long as price stay above 1.5535 support level, look for buy trades. If bearish candlestick closes below 1.5535 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9798 price level. So, as long as price stay below 0.9798 resistance level, look for sell trades. If bullish candlestick closes above 0.9798 critical resistance level then down trend is going to end.

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