Daily Elliott Wave Video Analysis — February 5, 2016

The daily Elliott Wave analysis video for February 5, 2016, is available here. The video will always remain accessible via the current link for future reference. 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 watch the video in a fullscreen mode.


AUD/USD
Trend is bullish in 1 hour chart. Intraday support is present at 0.7001 price level. So, as long as price stay above 0.7001 support level, look for buy trades. If bearish candlestick closes below 0.7001 critical support level then up trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 128.53 price level. So, as long as price stay above 128.53 support level, look for buy trades. If bearish candlestick closes below 128.53 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.0967 price level. So, as long as price stay above 1.0967 support level, look for buy trades. If bearish candlestick closes below 1.0967 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.4149 price level. So, as long as price stay above 1.4149 support level, look for buy trades. If bearish candlestick closes below 1.4149 critical support level then up trend is going to end.

USD/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 115.97 price level. So, as long as price stay above 115.97 support level, look for buy trades. If bearish candlestick closes below 115.97 critical support level then up trend is going to end.

USD/CAD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4101 price level. So, as long as price stay below 1.4101 resistance level, look for sell trades. If bullish candlestick closes above 1.4101 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0155 price level. So, as long as price stay below 1.0155 resistance level, look for sell trades. If bullish candlestick closes above 1.0155 critical resistance level then down trend is going to end.

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