Daily Elliott Wave Video Analysis — August 26, 2020

The daily Elliott Wave analysis video for August 26, 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 0.7262 price level. So, as long as price stays below 0.7262 resistance level, look for sell trades. If bullish candlestick closes above 0.7262 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 125.33 price level. So, as long as price stays above 125.33 support level, look for buy trades. If bearish candlestick closes below 125.33 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 1.1917 price level. So, as long as price stays below 1.1917 resistance level, look for sell trades. If bullish candlestick closes above 1.1917 critical resistance level, then down trend is going to end.

GBP/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3254 price level. So, as long as price stays below 1.3254 resistance level, look for sell trades. If bullish candlestick closes above 1.3254 critical resistance level, then down 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 bullish in 1 hour chart. Intraday support is present at 1.3132 price level. So, as long as price stays above 1.3132 support level, look for buy trades. If bearish candlestick closes below 1.3132 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 0.9008 price level. So, as long as price stays above 0.9008 support level, look for buy trades. If bearish candlestick closes below 0.9008 critical support level, then up trend is going to end.

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