Daily Elliott Wave Video Analysis — May 5, 2017

The daily Elliott Wave analysis video for May 5, 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
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 122.10 price level. So, as long as price stays above 122.10 support level, look for buy trades. If bearish candlestick closes below 122.10 critical support level, then up trend is going to end.

EUR/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.0851 price level. So, as long as price stays above 1.0851 support level, look for buy trades. If bearish candlestick closes below 1.0851 critical support level, then up trend is going to end.

GBP/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.2830 price level. So, as long as price stays above 1.2830 support level, look for buy trades. If bearish candlestick closes below 1.2830 critical support level, then up 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 1.3647 price level. So, as long as price stays above 1.3647 support level, look for buy trades. If bearish candlestick closes below 1.3647 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 0.9955 price level. So, as long as price stays below 0.9955 resistance level, look for sell trades. If bullish candlestick closes above 0.9955 critical resistance level, then down trend is going to end.

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