February 16, 2018 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for February 16, 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 bullish in 1 hour chart. Intraday support is present at 0.7889 price level. So, as long as price stays above 0.7889 support level, look for buy trades. If bearish candlestick closes below 0.7889 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 133.78 price level. So, as long as price stays below 133.78 resistance level, look for sell trades. If bullish candlestick closes above 133.78 critical resistance level, then down trend is going to end.

EUR/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.2392 price level. So, as long as price stays above 1.2392 support level, look for buy trades. If bearish candlestick closes below 1.2392 critical support level, then up trend is going to end.

GBP/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.3923 price level. So, as long as price stays above 1.3923 support level, look for buy trades. If bearish candlestick closes below 1.3923 critical support level, then up trend is going to end.

USD/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 108.45 price level. So, as long as price stays below 108.45 resistance level, look for sell trades. If bullish candlestick closes above 108.45 critical resistance level, then down trend is going to end.

USD/CAD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2555 price level. So, as long as price stays below 1.2555 resistance level, look for sell trades. If bullish candlestick closes above 1.2555 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 0.9348 price level. So, as long as price stays below 0.9348 resistance level, look for sell trades. If bullish candlestick closes above 0.9348 critical resistance level, then down trend is going to end.

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