December 16, 2015 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for December 16, 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 0.7334 price level. So, as long as price stay below 0.7334 resistance level, look for sell trades. If bullish candlestick closes above 0.7334 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 130.96 price level. So, as long as price stay above 130.96 support level, look for buy trades. If bearish candlestick closes below 130.96 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1059 price level. So, as long as price stay below 1.1059 resistance level, look for sell trades. If bullish candlestick closes above 1.1059 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.5239 price level. So, as long as price stay below 1.5239 resistance level, look for sell trades. If bullish candlestick closes above 1.5239 critical resistance level then down trend is going to end.

USD/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 120.34 price level. So, as long as price stay above 120.34 support level, look for buy trades. If bearish candlestick closes below 120.34 critical support level then up trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3516 price level. So, as long as price stay above 1.3516 support level, look for buy trades. If bearish candlestick closes below 1.3516 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0033 price level. So, as long as price stay below 1.0033 resistance level, look for sell trades. If bullish candlestick closes above 1.0033 critical resistance level then down trend is going to end.

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