May 31, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 31, 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 0.7514 price level. So, as long as price stays below 0.7514 resistance level, look for sell trades. If bullish candlestick closes above 0.7514 critical resistance level, then down trend is going to end.

EUR/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 124.63 price level. So, as long as price stays below 124.63 resistance level, look for sell trades. If bullish candlestick closes above 124.63 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 1.1109 price level. So, as long as price stays above 1.1109 support level, look for buy trades. If bearish candlestick closes below 1.1109 critical support level, then up trend is going to end.

GBP/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2888 price level. So, as long as price stays below 1.2888 resistance level, look for sell trades. If bullish candlestick closes above 1.2888 critical resistance level, then down trend is going to end.

USD/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 113.16 price level. So, as long as price stays below 113.16 resistance level, look for sell trades. If bullish candlestick closes above 113.16 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 1.3570 price level. So, as long as price stays below 1.3570 resistance level, look for sell trades. If bullish candlestick closes above 1.3570 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 0.9850 price level. So, as long as price stays below 0.9850 resistance level, look for sell trades. If bullish candlestick closes above 0.9850 critical resistance level, then down trend is going to end.

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