August 18, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for August 18, 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 0.7868 price level. So, as long as price stays above 0.7868 support level, look for buy trades. If bearish candlestick closes below 0.7868 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 128.45 price level. So, as long as price stays below 128.45 resistance level, look for sell trades. If bullish candlestick closes above 128.45 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 1.1846 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 108.74 price level. So, as long as price stays above 108.74 support level, look for buy trades. If bearish candlestick closes below 108.74 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 1.2690 price level. So, as long as price stays below 1.2690 resistance level, look for sell trades. If bullish candlestick closes above 1.2690 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 0.9765 price level. So, as long as price stays below 0.9765 resistance level, look for sell trades. If bullish candlestick closes above 0.9765 critical resistance level, then down trend is going to end.

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