Daily Elliott Wave Video Analysis — May 24, 2018

The daily Elliott Wave analysis video for May 24, 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 0.7604 price level. So, as long as price stays below 0.7604 resistance level, look for sell trades. If bullish candlestick closes above 0.7604 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 130.60 price level. So, as long as price stays below 130.60 resistance level, look for sell trades. If bullish candlestick closes above 130.60 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 1.1830 price level. So, as long as price stays below 1.1830 resistance level, look for sell trades. If bullish candlestick closes above 1.1830 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 1.3616 price level. So, as long as price stays below 1.3616 resistance level, look for sell trades. If bullish candlestick closes above 1.3616 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 110.83 price level. So, as long as price stays below 110.83 resistance level, look for sell trades. If bullish candlestick closes above 110.83 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 1.2729 price level. So, as long as price stays above 1.2729 support level, look for buy trades. If bearish candlestick closes below 1.2729 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 0.9894 price level. So, as long as price stays above 0.9894 support level, look for buy trades. If bearish candlestick closes below 0.9894 critical support level, then up trend is going to end.

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