February 24, 2016 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for February 24, 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 bullish in 1 hour chart. Intraday support is present at 0.7068 price level. So, as long as price stay above 0.7068 support level, look for buy trades. If bearish candlestick closes below 0.7068 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 128.16 price level. So, as long as price stay below 128.16 resistance level, look for sell trades. If bullish candlestick closes above 128.16 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1375 price level. So, as long as price stay below 1.1375 resistance level, look for sell trades. If bullish candlestick closes above 1.1375 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4394 price level. So, as long as price stay below 1.4394 resistance level, look for sell trades. If bullish candlestick closes above 1.4394 critical resistance level then down trend is going to end.

USD/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 114.86 price level. So, as long as price stay below 114.86 resistance level, look for sell trades. If bullish candlestick closes above 114.86 critical resistance level then down trend is going to end.

USD/CAD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4016 price level. So, as long as price stay below 1.4016 resistance level, look for sell trades. If bullish candlestick closes above 1.4016 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9761 price level. So, as long as price stay above 0.9761 support level, look for buy trades. If bearish candlestick closes below 0.9761 critical support level then up trend is going to end.

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