Daily Elliott Wave Video Analysis — December 12, 2019

The daily Elliott Wave analysis video for December 12, 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 0.6799 price level. So, as long as price stays above 0.6799 support level, look for buy trades. If bearish candlestick closes below 0.6799 critical support level, then up trend is going to end.

EUR/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 120.36 price level. So, as long as price stays above 120.36 support level, look for buy trades. If bearish candlestick closes below 120.36 critical support level, then up trend is going to end.

EUR/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.1039 price level. So, as long as price stays above 1.1039 support level, look for buy trades. If bearish candlestick closes below 1.1039 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 1.3104 price level. So, as long as price stays above 1.3104 support level, look for buy trades. If bearish candlestick closes below 1.3104 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 bullish in 1 hour chart. Intraday support is present at 1.3157 price level. So, as long as price stays above 1.3157 support level, look for buy trades. If bearish candlestick closes below 1.3157 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 0.9917 price level. So, as long as price stays below 0.9917 resistance level, look for sell trades. If bullish candlestick closes above 0.9917 critical resistance level, then down trend is going to end.

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