August 15, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 15, 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 0.7918 price level. So, as long as price stays below 0.7918 resistance level, look for sell trades. If bullish candlestick closes above 0.7918 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 128.90 price level. So, as long as price stays above 128.90 support level, look for buy trades. If bearish candlestick closes below 128.90 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 1.1846 price level. So, as long as price stays below 1.1846 resistance level, look for sell trades. If bullish candlestick closes above 1.1846 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 1.3030 price level. So, as long as price stays below 1.3030 resistance level, look for sell trades. If bullish candlestick closes above 1.3030 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 109.40 price level. So, as long as price stays above 109.40 support level, look for buy trades. If bearish candlestick closes below 109.40 critical support level, then up trend is going to end.

USD/CAD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.2652 price level. So, as long as price stays above 1.2652 support level, look for buy trades. If bearish candlestick closes below 1.2652 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 0.9772 price level. So, as long as price stays below 0.9772 resistance level, look for sell trades. If bullish candlestick closes above 0.9772 critical resistance level, then down trend is going to end.

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