Daily Elliott Wave Video Analysis — December 2, 2019

The daily Elliott Wave analysis video for December 2, 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 0.6833 price level. So, as long as price stays below 0.6833 resistance level, look for sell trades. If bullish candlestick closes above 0.6833 critical resistance level, then down trend is going to end.

EUR/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 119.65 price level. So, as long as price stays above 119.65 support level, look for buy trades. If bearish candlestick closes below 119.65 critical support level, then up trend is going to end.

EUR/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1051 price level. So, as long as price stays below 1.1051 resistance level, look for sell trades. If bullish candlestick closes above 1.1051 critical resistance level, then down trend is going to end.

GBP/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.2950 price level. So, as long as price stays below 1.2950 resistance level, look for sell trades. If bullish candlestick closes above 1.2950 critical resistance level, then down trend is going to end.

USD/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 109.06 price level. So, as long as price stays above 109.06 support level, look for buy trades. If bearish candlestick closes below 109.06 critical support level, then up trend is going to end.

USD/CAD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.3189 price level. So, as long as price stays above 1.3189 support level, look for buy trades. If bearish candlestick closes below 1.3189 critical support level, then up trend is going to end.

USD/CHF
The Trend is bullish in 1 hour chart. Intraday support is present at 0.9936 price level. So, as long as price stays above 0.9936 support level, look for buy trades. If bearish candlestick closes below 0.9936 critical support level, then up trend is going to end.

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