Daily Elliott Wave Video Analysis — October 17, 2018

The daily Elliott Wave analysis video for October 17, 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 0.7201 price level. So, as long as price stays below 0.7201 resistance level, look for sell trades. If bullish candlestick closes above 0.7201 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 131.89 price level. So, as long as price stays below 131.89 resistance level, look for sell trades. If bullish candlestick closes above 131.89 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 1.1730 price level. So, as long as price stays below 1.1730 resistance level, look for sell trades. If bullish candlestick closes above 1.1730 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 1.3257 price level. So, as long as price stays below 1.3257 resistance level, look for sell trades. If bullish candlestick closes above 1.3257 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 113.63 price level. So, as long as price stays below 113.63 resistance level, look for sell trades. If bullish candlestick closes above 113.63 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 1.2840 price level. So, as long as price stays above 1.2840 support level, look for buy trades. If bearish candlestick closes below 1.2840 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 0.9701 price level. So, as long as price stays above 0.9701 support level, look for buy trades. If bearish candlestick closes below 0.9701 critical support level, then up trend is going to end.

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