August 11, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 11, 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 0.7979 price level. So, as long as price stays below 0.7979 resistance level, look for sell trades. If bullish candlestick closes above 0.7979 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 129.54 price level. So, as long as price stays below 129.54 resistance level, look for sell trades. If bullish candlestick closes above 129.54 critical resistance level, then down trend is going to end.

EUR/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1824 price level. So, as long as price stays below 1.1824 resistance level, look for sell trades. If bullish candlestick closes above 1.1824 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 1.3053 price level. So, as long as price stays below 1.3053 resistance level, look for sell trades. If bullish candlestick closes above 1.3053 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 110.18 price level. So, as long as price stays below 110.18 resistance level, look for sell trades. If bullish candlestick closes above 110.18 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 1.2650 price level. So, as long as price stays above 1.2650 support level, look for buy trades. If bearish candlestick closes below 1.2650 critical support level, then up trend is going to end.

USD/CHF
The Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9674 price level. So, as long as price stays below 0.9674 resistance level, look for sell trades. If bullish candlestick closes above 0.9674 critical resistance level, then down trend is going to end.

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