May 17, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 17, 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 bullish in 1 hour chart. Intraday support is present at 0.7327 price level. So, as long as price stays above 0.7327 support level, look for buy trades. If bearish candlestick closes below 0.7327 critical support level, then up trend is going to end.

EUR/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 125.12 price level. So, as long as price stays below 125.12 resistance level, look for sell trades. If bullish candlestick closes above 125.12 critical resistance level, then down trend is going to end.

EUR/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.0875 price level. So, as long as price stays above 1.0875 support level, look for buy trades. If bearish candlestick closes below 1.0875 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 1.2843 price level. So, as long as price stays above 1.2843 support level, look for buy trades. If bearish candlestick closes below 1.2843 critical support level, then up trend is going to end.

USD/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 113.17 price level. So, as long as price stays below 113.17 resistance level, look for sell trades. If bullish candlestick closes above 113.17 critical resistance level, then down trend is going to end.

USD/CAD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3769 price level. So, as long as price stays below 1.3769 resistance level, look for sell trades. If bullish candlestick closes above 1.3769 critical resistance level, then down trend is going to end.

USD/CHF
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0056 price level. So, as long as price stays below 1.0056 resistance level, look for sell trades. If bullish candlestick closes above 1.0056 critical resistance level, then down trend is going to end.

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