Daily Elliott Wave Video Analysis — December 27, 2019
The daily Elliott Wave analysis video for December 27, 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 0.6863 price level. So, as long as price stays above 0.6863 support level, look for buy trades. If bearish candlestick closes below 0.6863 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 121.05 price level. So, as long as price stays above 121.05 support level, look for buy trades. If bearish candlestick closes below 121.05 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 1.1174 price level. So, as long as price stays below 1.1174 resistance level, look for sell trades. If bullish candlestick closes above 1.1174 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 1.3305 price level. So, as long as price stays below 1.3305 resistance level, look for sell trades. If bullish candlestick closes above 1.3305 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 109.72 price level. So, as long as price stays below 109.72 resistance level, look for sell trades. If bullish candlestick closes above 109.72 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 1.3184 price level. So, as long as price stays below 1.3184 resistance level, look for sell trades. If bullish candlestick closes above 1.3184 critical resistance level, then down trend is going to end.
USD/CHF
The Trend is bullish in 1 hour chart. Intraday support is present at 0.9785 price level. So, as long as price stays above 0.9785 support level, look for buy trades. If bearish candlestick closes below 0.9785 critical support level, then up trend is going to end.
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