Daily Elliott Wave Video Analysis — June 1, 2016

The daily Elliott Wave analysis video for June 1, 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 0.7218 price level. So, as long as price stay above 0.7218 support level, look for buy trades. If bearish candlestick closes below 0.7218 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 124.17 price level. So, as long as price stay below 124.17 resistance level, look for sell trades. If bullish candlestick closes above 124.17 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1242 price level. So, as long as price stay below 1.1242 resistance level, look for sell trades. If bullish candlestick closes above 1.1242 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4588 price level. So, as long as price stay below 1.4588 resistance level, look for sell trades. If bullish candlestick closes above 1.4588 critical resistance level then down trend is going to end.

USD/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 109.11 price level. So, as long as price stay above 109.11 support level, look for buy trades. If bearish candlestick closes below 109.11 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 0.9762 price level. So, as long as price stay above 0.9762 support level, look for buy trades. If bearish candlestick closes below 0.9762 critical support level then up trend is going to end.

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