Daily Elliott Wave Video Analysis — May 19, 2016

The daily Elliott Wave analysis video for May 19, 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 bearish in 1 hour chart. Intraday resistance is present at 0.7400 price level. So, as long as price stay below 0.7400 resistance level, look for sell trades. If bullish candlestick closes above 0.7400 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 121.47 price level. So, as long as price stay above 121.47 support level, look for buy trades. If bearish candlestick closes below 121.47 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1349 price level. So, as long as price stay below 1.1349 resistance level, look for sell trades. If bullish candlestick closes above 1.1349 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4769 price level. So, as long as price stay below 1.4769 resistance level, look for sell trades. If bullish candlestick closes above 1.4769 critical resistance level then down trend is going to end.

USD/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 107.50 price level. So, as long as price stay above 107.50 support level, look for buy trades. If bearish candlestick closes below 107.50 critical support level then up trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2771 price level. So, as long as price stay above 1.2771 support level, look for buy trades. If bearish candlestick closes below 1.2771 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9663 price level. So, as long as price stay above 0.9663 support level, look for buy trades. If bearish candlestick closes below 0.9663 critical support level then up trend is going to end.

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