Daily Elliott Wave Video Analysis — May 8, 2018

The daily Elliott Wave analysis video for May 8, 2018, is available here. The video will always remain accessible via the current link for future reference. 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 watch the video in a fullscreen mode.


AUD/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 0.7559 price level. So, as long as price stays below 0.7559 resistance level, look for sell trades. If bullish candlestick closes above 0.7559 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 130.58 price level. So, as long as price stays below 130.58 resistance level, look for sell trades. If bullish candlestick closes above 130.58 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 1.2056 price level. So, as long as price stays below 1.2056 resistance level, look for sell trades. If bullish candlestick closes above 1.2056 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 1.3893 price level. So, as long as price stays below 1.3893 resistance level, look for sell trades. If bullish candlestick closes above 1.3893 critical resistance level, then down trend is going to end.

USD/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 109.60 price level. So, as long as price stays below 109.60 resistance level, look for sell trades. If bullish candlestick closes above 109.60 critical resistance level, then down trend is going to end.

USD/CAD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.2917 price level. So, as long as price stays above 1.2917 support level, look for buy trades. If bearish candlestick closes below 1.2917 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 0.9920 price level. So, as long as price stays above 0.9920 support level, look for buy trades. If bearish candlestick closes below 0.9920 critical support level, then up trend is going to end.

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