May 4, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 4, 2017, 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
The Trend is bearish in 1 hour chart. Intraday resistance is present at 0.7509 price level. So, as long as price stays below 0.7509 resistance level, look for sell trades. If bullish candlestick closes above 0.7509 critical resistance level, then down trend is going to end.

EUR/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 120.59 price level. So, as long as price stays above 120.59 support level, look for buy trades. If bearish candlestick closes below 120.59 critical support level, then up trend is going to end.

EUR/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0951 price level. So, as long as price stays below 1.0951 resistance level, look for sell trades. If bullish candlestick closes above 1.0951 critical resistance level, then down trend is going to end.

GBP/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2964 price level. So, as long as price stays below 1.2964 resistance level, look for sell trades. If bullish candlestick closes above 1.2964 critical resistance level, then down trend is going to end.

USD/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 110.87 price level. So, as long as price stays above 110.87 support level, look for buy trades. If bearish candlestick closes below 110.87 critical support level, then up trend is going to end.

USD/CAD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.3529 price level. So, as long as price stays above 1.3529 support level, look for buy trades. If bearish candlestick closes below 1.3529 critical support level, then up trend is going to end.

USD/CHF
The Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9966 price level. So, as long as price stays below 0.9966 resistance level, look for sell trades. If bullish candlestick closes above 0.9966 critical resistance level, then down trend is going to end.

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