Daily Elliott Wave Video Analysis — December 5, 2019
The daily Elliott Wave analysis video for December 5, 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 0.6753 price level. So, as long as price stays above 0.6753 support level, look for buy trades. If bearish candlestick closes below 0.6753 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 121.00 price level. So, as long as price stays below 121.00 resistance level, look for sell trades. If bullish candlestick closes above 121.00 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 1.1027 price level. So, as long as price stays above 1.1027 support level, look for buy trades. If bearish candlestick closes below 1.1027 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 1.2950 price level. So, as long as price stays above 1.2950 support level, look for buy trades. If bearish candlestick closes below 1.2950 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 109.55 price level. So, as long as price stays below 109.55 resistance level, look for sell trades. If bullish candlestick closes above 109.55 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 1.3253 price level. So, as long as price stays below 1.3253 resistance level, look for sell trades. If bullish candlestick closes above 1.3253 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 0.9989 price level. So, as long as price stays below 0.9989 resistance level, look for sell trades. If bullish candlestick closes above 0.9989 critical resistance level, then down trend is going to end.
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