December 4, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for December 4, 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 0.7550 price level. So, as long as price stays above 0.7550 support level, look for buy trades. If bearish candlestick closes below 0.7550 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 131.71 price level. So, as long as price stays above 131.71 support level, look for buy trades. If bearish candlestick closes below 131.71 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 1.1961 price level. So, as long as price stays below 1.1961 resistance level, look for sell trades. If bullish candlestick closes above 1.1961 critical resistance level, then down trend is going to end.

GBP/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.3221 price level. So, as long as price stays above 1.3221 support level, look for buy trades. If bearish candlestick closes below 1.3221 critical support level, then up trend is going to end.

USD/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 111.41 price level. So, as long as price stays above 111.41 support level, look for buy trades. If bearish candlestick closes below 111.41 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 1.2854 price level. So, as long as price stays below 1.2854 resistance level, look for sell trades. If bullish candlestick closes above 1.2854 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 0.9881 price level. So, as long as price stays below 0.9881 resistance level, look for sell trades. If bullish candlestick closes above 0.9881 critical resistance level, then down trend is going to end.

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