June 7, 2016 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for June 7, 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 0.7201 price level. So, as long as price stay above 0.7201 support level, look for buy trades. If bearish candlestick closes below 0.7201 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 122.60 price level. So, as long as price stay below 122.60 resistance level, look for sell trades. If bullish candlestick closes above 122.60 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.1136 price level. So, as long as price stay above 1.1136 support level, look for buy trades. If bearish candlestick closes below 1.1136 critical support level then up trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4736 price level. So, as long as price stay below 1.4736 resistance level, look for sell trades. If bullish candlestick closes above 1.4736 critical resistance level then down trend is going to end.

USD/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 109.12 price level. So, as long as price stay below 109.12 resistance level, look for sell trades. If bullish candlestick closes above 109.12 critical resistance level then down trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2771 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 bearish in 1 hour chart. Intraday resistance is present at 0.9858 price level. So, as long as price stay below 0.9858 resistance level, look for sell trades. If bullish candlestick closes above 0.9858 critical resistance level then down trend is going to end.

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