January 4, 2016 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for January 4, 2016, 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 0.7302 price level. So, as long as price stay below 0.7302 resistance level, look for sell trades. If bullish candlestick closes above 0.7302 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 129.65 price level. So, as long as price stay above 129.65 support level, look for buy trades. If bearish candlestick closes below 129.65 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 1.5004 price level. So, as long as price stay below 1.5004 resistance level, look for sell trades. If bullish candlestick closes above 1.5004 critical resistance level then down trend is going to end.

USD/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 121.13 price level. So, as long as price stay below 121.13 resistance level, look for sell trades. If bullish candlestick closes above 121.13 critical resistance level then down trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3814 price level. So, as long as price stay above 1.3814 support level, look for buy trades. If bearish candlestick closes below 1.3814 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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