May 2, 2018 — Daily Elliott Wave Video Analysis

The daily Elliott Wave analysis video for May 2, 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 0.7582 price level. So, as long as price stays below 0.7582 resistance level, look for sell trades. If bullish candlestick closes above 0.7582 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 132.53 price level. So, as long as price stays below 132.53 resistance level, look for sell trades. If bullish candlestick closes above 132.53 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 1.2139 price level. So, as long as price stays below 1.2139 resistance level, look for sell trades. If bullish candlestick closes above 1.2139 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 1.3905 price level. So, as long as price stays below 1.3905 resistance level, look for sell trades. If bullish candlestick closes above 1.3905 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 108.98 price level. So, as long as price stays above 108.98 support level, look for buy trades. If bearish candlestick closes below 108.98 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 1.2684 price level. So, as long as price stays above 1.2684 support level, look for buy trades. If bearish candlestick closes below 1.2684 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 0.9646 price level. So, as long as price stays above 0.9646 support level, look for buy trades. If bearish candlestick closes below 0.9646 critical support level, then up trend is going to end.

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