August 8, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 8, 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 0.7874 price level. So, as long as price stays above 0.7874 support level, look for buy trades. If bearish candlestick closes below 0.7874 critical support level, then up trend is going to end.

EUR/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 128.85 price level. So, as long as price stays above 128.85 support level, look for buy trades. If bearish candlestick closes below 128.85 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 1.1829 price level. So, as long as price stays below 1.1829 resistance level, look for sell trades. If bullish candlestick closes above 1.1829 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 1.3112 price level. So, as long as price stays below 1.3112 resistance level, look for sell trades. If bullish candlestick closes above 1.3112 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 112.19 price level. So, as long as price stays below 112.19 resistance level, look for sell trades. If bullish candlestick closes above 112.19 critical resistance level, then down trend is going to end.

USD/CAD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.2555 price level. So, as long as price stays above 1.2555 support level, look for buy trades. If bearish candlestick closes below 1.2555 critical support level, then up trend is going to end.

USD/CHF
The Trend is bullish in 1 hour chart. Intraday support is present at 0.9630 price level. So, as long as price stays above 0.9630 support level, look for buy trades. If bearish candlestick closes below 0.9630 critical support level, then up trend is going to end.

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