February 8, 2018 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for February 8, 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 0.7908 price level. So, as long as price stays below 0.7908 resistance level, look for sell trades. If bullish candlestick closes above 0.7908 critical resistance level, then down trend is going to end.

EUR/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 136.29 price level. So, as long as price stays below 136.29 resistance level, look for sell trades. If bullish candlestick closes above 136.29 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 1.2521 price level. So, as long as price stays below 1.2521 resistance level, look for sell trades. If bullish candlestick closes above 1.2521 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 1.4276 price level. So, as long as price stays below 1.4276 resistance level, look for sell trades. If bullish candlestick closes above 1.4276 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 108.45 price level. So, as long as price stays above 108.45 support level, look for buy trades. If bearish candlestick closes below 108.45 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 bullish in 1 hour chart. Intraday support is present at 0.9340 price level. So, as long as price stays above 0.9340 support level, look for buy trades. If bearish candlestick closes below 0.9340 critical support level, then up trend is going to end.

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