Daily Elliott Wave Video Analysis — April 20, 2020
The daily Elliott Wave analysis video for April 20, 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 bullish in 1 hour chart. Intraday support is present at 1.0811 price level. So, as long as price stays above 1.0811 support level, look for buy trades. If bearish candlestick closes below 1.0811 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 1.2405 price level. So, as long as price stays above 1.2405 support level, look for buy trades. If bearish candlestick closes below 1.2405 critical support level, then up trend is going to end.
USD/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 107.29 price level. So, as long as price stays above 107.29 support level, look for buy trades. If bearish candlestick closes below 107.29 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 1.3854 price level. So, as long as price stays above 1.3854 support level, look for buy trades. If bearish candlestick closes below 1.3854 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 0.9723 price level. So, as long as price stays below 0.9723 resistance level, look for sell trades. If bullish candlestick closes above 0.9723 critical resistance level, then down trend is going to end.
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