Daily Elliott Wave Video Analysis — May 1, 2020

The daily Elliott Wave analysis video for May 1, 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 0.6489 price level. So, as long as price stays below 0.6489 resistance level, look for sell trades. If bullish candlestick closes above 0.6489 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 116.12 price level. So, as long as price stays above 116.12 support level, look for buy trades. If bearish candlestick closes below 116.12 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 1.0887 price level. So, as long as price stays above 1.0887 support level, look for buy trades. If bearish candlestick closes below 1.0887 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 1.2481 price level. So, as long as price stays above 1.2481 support level, look for buy trades. If bearish candlestick closes below 1.2481 critical support level, then up trend is going to end.

USD/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 107.01 price level. So, as long as price stays below 107.01 resistance level, look for sell trades. If bullish candlestick closes above 107.01 critical resistance level, then down trend is going to end.

USD/CAD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.3958 price level. So, as long as price stays above 1.3958 support level, look for buy trades. If bearish candlestick closes below 1.3958 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 0.9711 price level. So, as long as price stays below 0.9711 resistance level, look for sell trades. If bullish candlestick closes above 0.9711 critical resistance level, then down trend is going to end.

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