December 16, 2016 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for December 16, 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 0.7429 price level. So, as long as price stay below 0.7429 resistance level, look for sell trades. If bullish candlestick closes above 0.7429 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 120.90 price level. So, as long as price stay above 120.90 support level, look for buy trades. If bearish candlestick closes below 120.90 critical support level then up trend is going to end.

EUR/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0670 price level. So, as long as price stay below 1.0670 resistance level, look for sell trades. If bullish candlestick closes above 1.0670 critical resistance level then down trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2726 price level. So, as long as price stay below 1.2726 resistance level, look for sell trades. If bullish candlestick closes above 1.2726 critical resistance level then down trend is going to end.

USD/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 114.73 price level. So, as long as price stay above 114.73 support level, look for buy trades. If bearish candlestick closes below 114.73 critical support level then up trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3080 price level. So, as long as price stay above 1.3080 support level, look for buy trades. If bearish candlestick closes below 1.3080 critical support level then up trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 1.0083 price level. So, as long as price stay above 1.0083 support level, look for buy trades. If bearish candlestick closes below 1.0083 critical support level then up trend is going to end.

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