February 5, 2018 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for February 5, 2018, 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 0.8044 price level. So, as long as price stays below 0.8044 resistance level, look for sell trades. If bullish candlestick closes above 0.8044 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 135.38 price level. So, as long as price stays above 135.38 support level, look for buy trades. If bearish candlestick closes below 135.38 critical support level, then up trend is going to end.

EUR/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.2334 price level. So, as long as price stays above 1.2334 support level, look for buy trades. If bearish candlestick closes below 1.2334 critical support level, then up trend is going to end.

GBP/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.4284 price level. So, as long as price stays below 1.4284 resistance level, look for sell trades. If bullish candlestick closes above 1.4284 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 109.20 price level. So, as long as price stays above 109.20 support level, look for buy trades. If bearish candlestick closes below 109.20 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 1.2333 price level. So, as long as price stays above 1.2333 support level, look for buy trades. If bearish candlestick closes below 1.2333 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 0.9449 price level. So, as long as price stays below 0.9449 resistance level, look for sell trades. If bullish candlestick closes above 0.9449 critical resistance level, then down trend is going to end.

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