Daily Elliott Wave Video Analysis — December 23, 2016

The daily Elliott Wave analysis video for December 23, 2016, is available here. The video will always remain accessible via the current link for future reference. 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 watch the video in a fullscreen mode.


AUD/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 0.7382 price level. So, as long as price stay below 0.7382 resistance level, look for sell trades. If bullish candlestick closes above 0.7382 critical resistance level then down trend is going to end.

EUR/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 121.67 price level. So, as long as price stay above 121.67 support level, look for buy trades. If bearish candlestick closes below 121.67 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 1.2548 price level. So, as long as price stay below 1.2548 resistance level, look for sell trades. If bullish candlestick closes above 1.2548 critical resistance level then down trend is going to end.

USD/JPY
Trend is bullish in 1 hour chart. Intraday support is present at 116.11 price level. So, as long as price stay above 116.11 support level, look for buy trades. If bearish candlestick closes below 116.11 critical support level then up trend is going to end.

USD/CAD
Trend is bullish in 1 hour chart. Intraday support is present at 1.3317 price level. So, as long as price stay above 1.3317 support level, look for buy trades. If bearish candlestick closes below 1.3317 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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