Daily Elliott Wave Video Analysis — May 27, 2020

The daily Elliott Wave analysis video for May 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 0.6505 price level. So, as long as price stays above 0.6505 support level, look for buy trades. If bearish candlestick closes below 0.6505 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 1.1007 price level. So, as long as price stays below 1.1007 resistance level, look for sell trades. If bullish candlestick closes above 1.1007 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 1.2160 price level. So, as long as price stays above 1.2160 support level, look for buy trades. If bearish candlestick closes below 1.2160 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 106.73 price level. So, as long as price stays above 106.73 support level, look for buy trades. If bearish candlestick closes below 106.73 critical support level, then up trend is going to end.

USD/CAD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3978 price level. So, as long as price stays below 1.3978 resistance level, look for sell trades. If bullish candlestick closes above 1.3978 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 0.9637 price level. So, as long as price stays above 0.9637 support level, look for buy trades. If bearish candlestick closes below 0.9637 critical support level, then up trend is going to end.

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