Daily Elliott Wave Video Analysis — July 12, 2016

The daily Elliott Wave analysis video for July 12, 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 0.7521 price level. So, as long as price stay above 0.7521 support level, look for buy trades. If bearish candlestick closes below 0.7521 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 121.96 price level. So, as long as price stay below 121.96 resistance level, look for sell trades. If bullish candlestick closes above 121.96 critical resistance level then down trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1186 price level. So, as long as price stay below 1.1186 resistance level, look for sell trades. If bullish candlestick closes above 1.1186 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3532 price level. So, as long as price stay below 1.3532 resistance level, look for sell trades. If bullish candlestick closes above 1.3532 critical resistance level then down trend is going to end.

USD/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 106.85 price level. So, as long as price stay below 106.85 resistance level, look for sell trades. If bullish candlestick closes above 106.85 critical resistance level then down trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2806 price level. So, as long as price stay above 1.2806 support level, look for buy trades. If bearish candlestick closes below 1.2806 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9647 price level. So, as long as price stay above 0.9647 support level, look for buy trades. If bearish candlestick closes below 0.9647 critical support level then up trend is going to end.

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