November 18, 2016 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for November 18, 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 0.7579 price level. So, as long as price stay below 0.7579 resistance level, look for sell trades. If bullish candlestick closes above 0.7579 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 115.29 price level. So, as long as price stay above 115.29 support level, look for buy trades. If bearish candlestick closes below 115.29 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0923 price level. So, as long as price stay below 1.0923 resistance level, look for sell trades. If bullish candlestick closes above 1.0923 critical resistance level then down trend is going to end.

GBP/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.2351 price level. So, as long as price stay above 1.2351 support level, look for buy trades. If bearish candlestick closes below 1.2351 critical support level then up trend is going to end.

USD/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 106.02 price level. So, as long as price stay above 106.02 support level, look for buy trades. If bearish candlestick closes below 106.02 critical support level then up trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3262 price level. So, as long as price stay above 1.3262 support level, look for buy trades. If bearish candlestick closes below 1.3262 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9831 price level. So, as long as price stay above 0.9831 support level, look for buy trades. If bearish candlestick closes below 0.9831 critical support level then up trend is going to end.

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