Daily Elliott Wave Video Analysis — June 6, 2019

The daily Elliott Wave analysis video for June 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 bullish in 1 hour chart. Intraday support is present at 0.6938 price level. So, as long as price stays above 0.6938 support level, look for buy trades. If bearish candlestick closes below 0.6938 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 122.25 price level. So, as long as price stays below 122.25 resistance level, look for sell trades. If bullish candlestick closes above 122.25 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 1.1214 price level. So, as long as price stays above 1.1214 support level, look for buy trades. If bearish candlestick closes below 1.1214 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 1.2747 price level. So, as long as price stays below 1.2747 resistance level, look for sell trades. If bullish candlestick closes above 1.2747 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 109.46 price level. So, as long as price stays below 109.46 resistance level, look for sell trades. If bullish candlestick closes above 109.46 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 1.3490 price level. So, as long as price stays below 1.3490 resistance level, look for sell trades. If bullish candlestick closes above 1.3490 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 1.0031 price level. So, as long as price stays below 1.0031 resistance level, look for sell trades. If bullish candlestick closes above 1.0031 critical resistance level, then down trend is going to end.

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