May 12, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 12, 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 0.7424 price level. So, as long as price stays below 0.7424 resistance level, look for sell trades. If bullish candlestick closes above 0.7424 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 122.97 price level. So, as long as price stays above 122.97 support level, look for buy trades. If bearish candlestick closes below 122.97 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 1.0957 price level. So, as long as price stays below 1.0957 resistance level, look for sell trades. If bullish candlestick closes above 1.0957 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 1.2902 price level. So, as long as price stays below 1.2902 resistance level, look for sell trades. If bullish candlestick closes above 1.2902 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 112.96 price level. So, as long as price stays above 112.96 support level, look for buy trades. If bearish candlestick closes below 112.96 critical support level, then up trend is going to end.

USD/CAD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3793 price level. So, as long as price stays below 1.3793 resistance level, look for sell trades. If bullish candlestick closes above 1.3793 critical resistance level, then down trend is going to end.

USD/CHF
The Trend is bullish in 1 hour chart. Intraday support is present at 0.9976 price level. So, as long as price stays above 0.9976 support level, look for buy trades. If bearish candlestick closes below 0.9976 critical support level, then up trend is going to end.

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