Daily Elliott Wave Video Analysis — May 22, 2020

The daily Elliott Wave analysis video for May 22, 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 0.6451 price level. So, as long as price stays above 0.6451 support level, look for buy trades. If bearish candlestick closes below 0.6451 critical support level, then up trend is going to end.

EUR/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 116.84 price level. So, as long as price stays above 116.84 support level, look for buy trades. If bearish candlestick closes below 116.84 critical support level, then up trend is going to end.

EUR/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1017 price level. So, as long as price stays below 1.1017 resistance level, look for sell trades. If bullish candlestick closes above 1.1017 critical resistance level, then down trend is going to end.

GBP/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.2113 price level. So, as long as price stays above 1.2113 support level, look for buy trades. If bearish candlestick closes below 1.2113 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 106.64 price level. So, as long as price stays above 106.64 support level, look for buy trades. If bearish candlestick closes below 106.64 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 1.3849 price level. So, as long as price stays above 1.3849 support level, look for buy trades. If bearish candlestick closes below 1.3849 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 0.9587 price level. So, as long as price stays above 0.9587 support level, look for buy trades. If bearish candlestick closes below 0.9587 critical support level, then up trend is going to end.

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