Daily Elliott Wave Video Analysis — April 24, 2020
The daily Elliott Wave analysis video for April 24, 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 0.6252 price level. So, as long as price stays above 0.6252 support level, look for buy trades. If bearish candlestick closes below 0.6252 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 116.80 price level. So, as long as price stays below 116.80 resistance level, look for sell trades. If bullish candlestick closes above 116.80 critical resistance level, then down trend is going to end.
EUR/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.0846 price level. So, as long as price stays below 1.0846 resistance level, look for sell trades. If bullish candlestick closes above 1.0846 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 1.2486 price level. So, as long as price stays below 1.2486 resistance level, look for sell trades. If bullish candlestick closes above 1.2486 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 106.92 price level. So, as long as price stays above 106.92 support level, look for buy trades. If bearish candlestick closes below 106.92 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 1.3999 price level. So, as long as price stays above 1.3999 support level, look for buy trades. If bearish candlestick closes below 1.3999 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 0.9654 price level. So, as long as price stays above 0.9654 support level, look for buy trades. If bearish candlestick closes below 0.9654 critical support level, then up trend is going to end.
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