Daily Elliott Wave Video Analysis — July 24, 2020

The daily Elliott Wave analysis video for July 24, 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 0.7037 price level. So, as long as price stays above 0.7037 support level, look for buy trades. If bearish candlestick closes below 0.7037 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 121.95 price level. So, as long as price stays above 121.95 support level, look for buy trades. If bearish candlestick closes below 121.95 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 1.1370 price level. So, as long as price stays above 1.1370 support level, look for buy trades. If bearish candlestick closes below 1.1370 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 1.2479 price level. So, as long as price stays above 1.2479 support level, look for buy trades. If bearish candlestick closes below 1.2479 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 107.28 price level. So, as long as price stays below 107.28 resistance level, look for sell trades. If bullish candlestick closes above 107.28 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 1.3500 price level. So, as long as price stays below 1.3500 resistance level, look for sell trades. If bullish candlestick closes above 1.3500 critical resistance level, then down trend is going to end.

USD/CHF
The Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9428 price level. So, as long as price stays below 0.9428 resistance level, look for sell trades. If bullish candlestick closes above 0.9428 critical resistance level, then down trend is going to end.

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