Daily Elliott Wave Video Analysis — August 26, 2019

The daily Elliott Wave analysis video for August 26, 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 118.28 price level. So, as long as price stays below 118.28 resistance level, look for sell trades. If bullish candlestick closes above 118.28 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 1.1026 price level. So, as long as price stays above 1.1026 support level, look for buy trades. If bearish candlestick closes below 1.1026 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 1.2064 price level. So, as long as price stays above 1.2064 support level, look for buy trades. If bearish candlestick closes below 1.2064 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 106.73 price level. So, as long as price stays below 106.73 resistance level, look for sell trades. If bullish candlestick closes above 106.73 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 0.9876 price level. So, as long as price stays below 0.9876 resistance level, look for sell trades. If bullish candlestick closes above 0.9876 critical resistance level, then down trend is going to end.

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