August 31, 2016 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 31, 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 0.7691 price level. So, as long as price stay below 0.7691 resistance level, look for sell trades. If bullish candlestick closes above 0.7691 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 113.84 price level. So, as long as price stay above 113.84 support level, look for buy trades. If bearish candlestick closes below 113.84 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1341 price level. So, as long as price stay below 1.1341 resistance level, look for sell trades. If bullish candlestick closes above 1.1341 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3022 price level. So, as long as price stay above 1.3022 support level, look for buy trades. If bearish candlestick closes below 1.3022 critical support level then up trend is going to end.

USD/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 101.14 price level. So, as long as price stay above 101.14 support level, look for buy trades. If bearish candlestick closes below 101.14 critical support level then up trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2830 price level. So, as long as price stay above 1.2830 support level, look for buy trades. If bearish candlestick closes below 1.2830 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9631 price level. So, as long as price stay above 0.9631 support level, look for buy trades. If bearish candlestick closes below 0.9631 critical support level then up trend is going to end.

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