December 20, 2017 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for December 20, 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 0.7579 price level. So, as long as price stays above 0.7579 support level, look for buy trades. If bearish candlestick closes below 0.7579 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 134.37 price level. So, as long as price stays below 134.37 resistance level, look for sell trades. If bullish candlestick closes above 134.37 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 1.1861 price level. So, as long as price stays below 1.1861 resistance level, look for sell trades. If bullish candlestick closes above 1.1861 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 1.3402 price level. So, as long as price stays below 1.3402 resistance level, look for sell trades. If bullish candlestick closes above 1.3402 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 112.03 price level. So, as long as price stays above 112.03 support level, look for buy trades. If bearish candlestick closes below 112.03 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 1.2706 price level. So, as long as price stays above 1.2706 support level, look for buy trades. If bearish candlestick closes below 1.2706 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 0.9935 price level. So, as long as price stays below 0.9935 resistance level, look for sell trades. If bullish candlestick closes above 0.9935 critical resistance level, then down trend is going to end.

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