August 2, 2016 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 2, 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 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 112.59 price level. So, as long as price stay above 112.59 support level, look for buy trades. If bearish candlestick closes below 112.59 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.1030 price level. So, as long as price stay above 1.1030 support level, look for buy trades. If bearish candlestick closes below 1.1030 critical support level then up trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3532 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 105.60 price level. So, as long as price stay below 105.60 resistance level, look for sell trades. If bullish candlestick closes above 105.60 critical resistance level then down trend is going to end.

USD/CAD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3191 price level. So, as long as price stay below 1.3191 resistance level, look for sell trades. If bullish candlestick closes above 1.3191 critical resistance level then down trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9950 price level. So, as long as price stay below 0.9950 resistance level, look for sell trades. If bullish candlestick closes above 0.9950 critical resistance level then down trend is going to end.

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