Daily Elliott Wave Video Analysis — August 6, 2019
The daily Elliott Wave analysis video for August 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 0.7030 price level. So, as long as price stays below 0.7030 resistance level, look for sell trades. If bullish candlestick closes above 0.7030 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 120.88 price level. So, as long as price stays below 120.88 resistance level, look for sell trades. If bullish candlestick closes above 120.88 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 1.1114 price level. So, as long as price stays above 1.1114 support level, look for buy trades. If bearish candlestick closes below 1.1114 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 1.2415 price level. So, as long as price stays below 1.2415 resistance level, look for sell trades. If bullish candlestick closes above 1.2415 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 109.11 price level. So, as long as price stays below 109.11 resistance level, look for sell trades. If bullish candlestick closes above 109.11 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 1.3015 price level. So, as long as price stays above 1.3015 support level, look for buy trades. If bearish candlestick closes below 1.3015 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 0.9945 price level. So, as long as price stays below 0.9945 resistance level, look for sell trades. If bullish candlestick closes above 0.9945 critical resistance level, then down trend is going to end.
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