Daily Elliott Wave Video Analysis — April 1, 2020
The daily Elliott Wave analysis video for April 1, 2020, 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 0.5869 price level. So, as long as price stays above 0.5869 support level, look for buy trades. If bearish candlestick closes below 0.5869 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 120.31 price level. So, as long as price stays below 120.31 resistance level, look for sell trades. If bullish candlestick closes above 120.31 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 1.0887 price level. So, as long as price stays above 1.0887 support level, look for buy trades. If bearish candlestick closes below 1.0887 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 1.1932 price level. So, as long as price stays above 1.1932 support level, look for buy trades. If bearish candlestick closes below 1.1932 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 110.74 price level. So, as long as price stays below 110.74 resistance level, look for sell trades. If bullish candlestick closes above 110.74 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 1.4559 price level. So, as long as price stays below 1.4559 resistance level, look for sell trades. If bullish candlestick closes above 1.4559 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 0.9717 price level. So, as long as price stays below 0.9717 resistance level, look for sell trades. If bullish candlestick closes above 0.9717 critical resistance level, then down trend is going to end.
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