Daily Elliott Wave Video Analysis — June 16, 2016

The daily Elliott Wave analysis video for June 16, 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 0.7315 price level. So, as long as price stay above 0.7315 support level, look for buy trades. If bearish candlestick closes below 0.7315 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 119.47 price level. So, as long as price stay below 119.47 resistance level, look for sell trades. If bullish candlestick closes above 119.47 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1302 price level. So, as long as price stay below 1.1302 resistance level, look for sell trades. If bullish candlestick closes above 1.1302 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4352 price level. So, as long as price stay below 1.4352 resistance level, look for sell trades. If bullish candlestick closes above 1.4352 critical resistance level then down trend is going to end.

USD/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 107.91 price level. So, as long as price stay below 107.91 resistance level, look for sell trades. If bullish candlestick closes above 107.91 critical resistance level then down trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2825 price level. So, as long as price stay above 1.2825 support level, look for buy trades. If bearish candlestick closes below 1.2825 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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