Daily Elliott Wave Video Analysis — February 24, 2017

The daily Elliott Wave analysis video for February 24, 2017, 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 bullish in 1 hour chart. Intraday support is present at 0.7648 price level. So, as long as price stay above 0.7648 support level, look for buy trades. If bearish candlestick closes below 0.7648 critical support level then up trend is going to end.

EUR/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 120.20 price level. So, as long as price stay below 120.20 resistance level, look for sell trades. If bullish candlestick closes above 120.20 critical resistance level then down trend is going to end.

EUR/USD
Trend is bullish in 1 hour chart. Intraday support is present at 1.0493 price level. So, as long as price stay above 1.0493 support level, look for buy trades. If bearish candlestick closes below 1.0493 critical support level then up trend is going to end.

GBP/USD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2706 price level. So, as long as price stay below 1.2706 resistance level, look for sell trades. If bullish candlestick closes above 1.2706 critical resistance level then down trend is going to end.

USD/JPY
Trend is bearish in 1 hour chart. Intraday resistance is present at 114.95 price level. So, as long as price stay below 114.95 resistance level, look for sell trades. If bullish candlestick closes above 114.95 critical resistance level then down trend is going to end.

USD/CAD
Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3169 price level. So, as long as price stay below 1.3169 resistance level, look for sell trades. If bullish candlestick closes above 1.3169 critical resistance level then down trend is going to end.

USD/CHF
Trend is bullish in 1 hour chart. Intraday support is present at 0.9965 price level. So, as long as price stay above 0.9965 support level, look for buy trades. If bearish candlestick closes below 0.9965 critical support level then up trend is going to end.

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