Daily Elliott Wave Video Analysis — August 19, 2020

The daily Elliott Wave analysis video for August 19, 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 0.7075 price level. So, as long as price stays above 0.7075 support level, look for buy trades. If bearish candlestick closes below 0.7075 critical support level, then up trend is going to end.

EUR/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 126.45 price level. So, as long as price stays below 126.45 resistance level, look for sell trades. If bullish candlestick closes above 126.45 critical resistance level, then down trend is going to end.

EUR/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.1867 price level. So, as long as price stays above 1.1867 support level, look for buy trades. If bearish candlestick closes below 1.1867 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 1.3142 price level. So, as long as price stays above 1.3142 support level, look for buy trades. If bearish candlestick closes below 1.3142 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 106.84 price level. So, as long as price stays below 106.84 resistance level, look for sell trades. If bullish candlestick closes above 106.84 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 1.3270 price level. So, as long as price stays below 1.3270 resistance level, look for sell trades. If bullish candlestick closes above 1.3270 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 0.9085 price level. So, as long as price stays below 0.9085 resistance level, look for sell trades. If bullish candlestick closes above 0.9085 critical resistance level, then down trend is going to end.

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