Daily Elliott Wave Video Analysis — May 17, 2019

The daily Elliott Wave analysis video for May 17, 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 0.6964 price level. So, as long as price stays below 0.6964 resistance level, look for sell trades. If bullish candlestick closes above 0.6964 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 123.60 price level. So, as long as price stays below 123.60 resistance level, look for sell trades. If bullish candlestick closes above 123.60 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 1.1134 price level. So, as long as price stays above 1.1134 support level, look for buy trades. If bearish candlestick closes below 1.1134 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 1.2967 price level. So, as long as price stays below 1.2967 resistance level, look for sell trades. If bullish candlestick closes above 1.2967 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 111.04 price level. So, as long as price stays below 111.04 resistance level, look for sell trades. If bullish candlestick closes above 111.04 critical resistance level, then down trend is going to end.

USD/CAD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3504 price level. So, as long as price stays below 1.3504 resistance level, look for sell trades. If bullish candlestick closes above 1.3504 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 1.0126 price level. So, as long as price stays below 1.0126 resistance level, look for sell trades. If bullish candlestick closes above 1.0126 critical resistance level, then down trend is going to end.

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