Daily Elliott Wave Video Analysis — July 6, 2020

The daily Elliott Wave analysis video for July 6, 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 0.7063 price level. So, as long as price stays below 0.7063 resistance level, look for sell trades. If bullish candlestick closes above 0.7063 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 119.80 price level. So, as long as price stays above 119.80 support level, look for buy trades. If bearish candlestick closes below 119.80 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 1.1347 price level. So, as long as price stays below 1.1347 resistance level, look for sell trades. If bullish candlestick closes above 1.1347 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 1.2315 price level. So, as long as price stays above 1.2315 support level, look for buy trades. If bearish candlestick closes below 1.2315 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 108.15 price level. So, as long as price stays below 108.15 resistance level, look for sell trades. If bullish candlestick closes above 108.15 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 1.3623 price level. So, as long as price stays below 1.3623 resistance level, look for sell trades. If bullish candlestick closes above 1.3623 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 0.9419 price level. So, as long as price stays above 0.9419 support level, look for buy trades. If bearish candlestick closes below 0.9419 critical support level, then up trend is going to end.

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