Daily Elliott Wave Video Analysis — May 15, 2018

The daily Elliott Wave analysis video for May 15, 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 bullish in 1 hour chart. Intraday support is present at 0.7471 price level. So, as long as price stays above 0.7471 support level, look for buy trades. If bearish candlestick closes below 0.7471 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 131.66 price level. So, as long as price stays below 131.66 resistance level, look for sell trades. If bullish candlestick closes above 131.66 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 1.1873 price level. So, as long as price stays above 1.1873 support level, look for buy trades. If bearish candlestick closes below 1.1873 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 1.3664 price level. So, as long as price stays below 1.3664 resistance level, look for sell trades. If bullish candlestick closes above 1.3664 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 108.64 price level. So, as long as price stays above 108.64 support level, look for buy trades. If bearish candlestick closes below 108.64 critical support level, then up trend is going to end.

USD/CAD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2940 price level. So, as long as price stays below 1.2940 resistance level, look for sell trades. If bullish candlestick closes above 1.2940 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 1.0043 price level. So, as long as price stays below 1.0043 resistance level, look for sell trades. If bullish candlestick closes above 1.0043 critical resistance level, then down trend is going to end.

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