November 7, 2016 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for November 7, 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 0.7707 price level. So, as long as price stay below 0.7707 resistance level, look for sell trades. If bullish candlestick closes above 0.7707 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 114.00 price level. So, as long as price stay above 114.00 support level, look for buy trades. If bearish candlestick closes below 114.00 critical support level then up trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.0936 price level. So, as long as price stay above 1.0936 support level, look for buy trades. If bearish candlestick closes below 1.0936 critical support level then up trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2204 price level. So, as long as price stay above 1.2204 support level, look for buy trades. If bearish candlestick closes below 1.2204 critical support level then up trend is going to end.

USD/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 103.34 price level. So, as long as price stay above 103.34 support level, look for buy trades. If bearish candlestick closes below 103.34 critical support level then up trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3141 price level. So, as long as price stay above 1.3141 support level, look for buy trades. If bearish candlestick closes below 1.3141 critical support level then up trend is going to end.

USD/CHF
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9906 price level. So, as long as price stay below 0.9906 resistance level, look for sell trades. If bullish candlestick closes above 0.9906 critical resistance level then down trend is going to end.

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