June 5, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for June 5, 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 0.7371 price level. So, as long as price stays above 0.7371 support level, look for buy trades. If bearish candlestick closes below 0.7371 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 125.29 price level. So, as long as price stays below 125.29 resistance level, look for sell trades. If bullish candlestick closes above 125.29 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 1.1202 price level. So, as long as price stays above 1.1202 support level, look for buy trades. If bearish candlestick closes below 1.1202 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 1.2829 price level. So, as long as price stays above 1.2829 support level, look for buy trades. If bearish candlestick closes below 1.2829 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 113.16 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 0.9806 price level. So, as long as price stays below 0.9806 resistance level, look for sell trades. If bullish candlestick closes above 0.9806 critical resistance level, then down trend is going to end.

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