Daily Elliott Wave Video Analysis — August 14, 2019
The daily Elliott Wave analysis video for August 14, 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 119.85 price level. So, as long as price stays below 119.85 resistance level, look for sell trades. If bullish candlestick closes above 119.85 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 1.1161 price level. So, as long as price stays above 1.1161 support level, look for buy trades. If bearish candlestick closes below 1.1161 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 1.2208 price level. So, as long as price stays below 1.2208 resistance level, look for sell trades. If bullish candlestick closes above 1.2208 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 107.08 price level. So, as long as price stays below 107.08 resistance level, look for sell trades. If bullish candlestick closes above 107.08 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 1.3344 price level. So, as long as price stays below 1.3344 resistance level, look for sell trades. If bullish candlestick closes above 1.3344 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 0.9796 price level. So, as long as price stays below 0.9796 resistance level, look for sell trades. If bullish candlestick closes above 0.9796 critical resistance level, then down trend is going to end.
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