Daily Elliott Wave Video Analysis — April 29, 2020

The daily Elliott Wave analysis video for April 29, 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 116.49 price level. So, as long as price stays below 116.49 resistance level, look for sell trades. If bullish candlestick closes above 116.49 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 1.0887 price level. So, as long as price stays below 1.0887 resistance level, look for sell trades. If bullish candlestick closes above 1.0887 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 1.2517 price level. So, as long as price stays below 1.2517 resistance level, look for sell trades. If bullish candlestick closes above 1.2517 critical resistance level, then down trend is going to end.

USD/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 107.39 price level. So, as long as price stays below 107.39 resistance level, look for sell trades. If bullish candlestick closes above 107.39 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 1.4119 price level. So, as long as price stays below 1.4119 resistance level, look for sell trades. If bullish candlestick closes above 1.4119 critical resistance level, then down 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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