July 25, 2016 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for July 25, 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 0.7674 price level. So, as long as price stay below 0.7674 resistance level, look for sell trades. If bullish candlestick closes above 0.7674 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 115.43 price level. So, as long as price stay above 115.43 support level, look for buy trades. If bearish candlestick closes below 115.43 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1059 price level. So, as long as price stay below 1.1059 resistance level, look for sell trades. If bullish candlestick closes above 1.1059 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 bullish in 1 hour chart. Intraday support is present at 103.91 price level. So, as long as price stay above 103.91 support level, look for buy trades. If bearish candlestick closes below 103.91 critical support level then up trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2861 price level. So, as long as price stay above 1.2861 support level, look for buy trades. If bearish candlestick closes below 1.2861 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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