June 2, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for June 2, 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 0.7475 price level. So, as long as price stays below 0.7475 resistance level, look for sell trades. If bullish candlestick closes above 0.7475 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 123.71 price level. So, as long as price stays above 123.71 support level, look for buy trades. If bearish candlestick closes below 123.71 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 1.1256 price level. So, as long as price stays below 1.1256 resistance level, look for sell trades. If bullish candlestick closes above 1.1256 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 1.3046 price level. So, as long as price stays below 1.3046 resistance level, look for sell trades. If bullish candlestick closes above 1.3046 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 110.49 price level. So, as long as price stays above 110.49 support level, look for buy trades. If bearish candlestick closes below 110.49 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 1.3570 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 0.9824 price level. So, as long as price stays below 0.9824 resistance level, look for sell trades. If bullish candlestick closes above 0.9824 critical resistance level, then down trend is going to end.

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