Daily Elliott Wave Video Analysis — April 27, 2020

The daily Elliott Wave analysis video for April 27, 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 0.6336 price level. So, as long as price stays above 0.6336 support level, look for buy trades. If bearish candlestick closes below 0.6336 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 bullish in 1 hour chart. Intraday support is present at 1.0784 price level. So, as long as price stays above 1.0784 support level, look for buy trades. If bearish candlestick closes below 1.0784 critical support level, then up 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 106.91 price level. So, as long as price stays above 106.91 support level, look for buy trades. If bearish candlestick closes below 106.91 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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