Daily Elliott Wave Video Analysis — May 6, 2019

The daily Elliott Wave analysis video for May 6, 2019, 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 0.7068 price level. So, as long as price stays below 0.7068 resistance level, look for sell trades. If bullish candlestick closes above 0.7068 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 125.22 price level. So, as long as price stays below 125.22 resistance level, look for sell trades. If bullish candlestick closes above 125.22 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 1.1111 price level. So, as long as price stays above 1.1111 support level, look for buy trades. If bearish candlestick closes below 1.1111 critical support level, then up trend is going to end.

GBP/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.2989 price level. So, as long as price stays above 1.2989 support level, look for buy trades. If bearish candlestick closes below 1.2989 critical support level, then up trend is going to end.

USD/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 111.68 price level. So, as long as price stays below 111.68 resistance level, look for sell trades. If bullish candlestick closes above 111.68 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 1.3376 price level. So, as long as price stays above 1.3376 support level, look for buy trades. If bearish candlestick closes below 1.3376 critical support level, then up trend is going to end.

USD/CHF
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0236 price level. So, as long as price stays below 1.0236 resistance level, look for sell trades. If bullish candlestick closes above 1.0236 critical resistance level, then down trend is going to end.

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