Daily Elliott Wave Video Analysis — August 28, 2020

The daily Elliott Wave analysis video for August 28, 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 0.7215 price level. So, as long as price stays above 0.7215 support level, look for buy trades. If bearish candlestick closes below 0.7215 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 125.12 price level. So, as long as price stays above 125.12 support level, look for buy trades. If bearish candlestick closes below 125.12 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 bullish in 1 hour chart. Intraday support is present at 1.3053 price level. So, as long as price stays above 1.3053 support level, look for buy trades. If bearish candlestick closes below 1.3053 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 107.04 price level. So, as long as price stays below 107.04 resistance level, look for sell trades. If bullish candlestick closes above 107.04 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 1.3204 price level. So, as long as price stays below 1.3204 resistance level, look for sell trades. If bullish candlestick closes above 1.3204 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 0.9008 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.

Below, you can browse the archives of the previous daily videos:

Monday Tuesday Wednesday Thursday Friday Saturday Sunday
12
3456789
10111213141516
17181920212223
24252627282930
31

2020:
January, February, March, April, May, June, July, August, September, October.

2019:
January, February, March, April, May, June, July, August, September, October, November, December.

2018:
January, February, March, April, May, June, July, August, September, October, November, December.

2017:
January, February, March, April, May, June, July, August, September, October, November, December.

2016:
January, February, March, April, May, June, July, August, September, October, November, December.

2015:
January, February, March, April, May, June, July, August, September, October, November, December.

2014:
January, February, March, April, May, June, July, August, September, October, November, December.

2013:
January, February, March, April, May, June, July, August, September, October, November, December.

2012:
January, February, March, April, May, June, July, August, September, October, November, December.

2011:
March, April, May, June, July, August, September, October, November, December.

You can discuss these daily Elliott Wave analysis videos on our technical analysis Forex forum.

© 2005–2020

EarnForex.com

Design — Mart Studio

Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.