January 21, 2016 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for January 21, 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 0.7048 price level. So, as long as price stay below 0.7048 resistance level, look for sell trades. If bullish candlestick closes above 0.7048 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 131.02 price level. So, as long as price stay below 131.02 resistance level, look for sell trades. If bullish candlestick closes above 131.02 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.0710 price level. So, as long as price stay above 1.0710 support level, look for buy trades. If bearish candlestick closes below 1.0710 critical support level then up trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4475 price level. So, as long as price stay below 1.4475 resistance level, look for sell trades. If bullish candlestick closes above 1.4475 critical resistance level then down trend is going to end.

USD/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 118.10 price level. So, as long as price stay below 118.10 resistance level, look for sell trades. If bullish candlestick closes above 118.10 critical resistance level then down trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.4335 price level. So, as long as price stay above 1.4335 support level, look for buy trades. If bearish candlestick closes below 1.4335 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0123 price level. So, as long as price stay below 1.0123 resistance level, look for sell trades. If bullish candlestick closes above 1.0123 critical resistance level then down trend is going to end.

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