Daily Elliott Wave Video Analysis — April 17, 2020

The daily Elliott Wave analysis video for April 17, 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 bearish in 1 hour chart. Intraday resistance is present at 0.6432 price level. So, as long as price stays below 0.6432 resistance level, look for sell trades. If bullish candlestick closes above 0.6432 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 116.34 price level. So, as long as price stays above 116.34 support level, look for buy trades. If bearish candlestick closes below 116.34 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 1.0980 price level. So, as long as price stays below 1.0980 resistance level, look for sell trades. If bullish candlestick closes above 1.0980 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 1.2618 price level. So, as long as price stays below 1.2618 resistance level, look for sell trades. If bullish candlestick closes above 1.2618 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 107.15 price level. So, as long as price stays above 107.15 support level, look for buy trades. If bearish candlestick closes below 107.15 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 1.3924 price level. So, as long as price stays above 1.3924 support level, look for buy trades. If bearish candlestick closes below 1.3924 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 0.9590 price level. So, as long as price stays above 0.9590 support level, look for buy trades. If bearish candlestick closes below 0.9590 critical support level, then up trend is going to end.

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