Daily Elliott Wave Video Analysis — October 9, 2020

The daily Elliott Wave analysis video for October 9, 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 0.7094 price level. So, as long as price stays above 0.7094 support level, look for buy trades. If bearish candlestick closes below 0.7094 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 bearish in 1 hour chart. Intraday resistance is present at 1.1916 price level. So, as long as price stays below 1.1916 resistance level, look for sell trades. If bullish candlestick closes above 1.1916 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 1.2804 price level. So, as long as price stays above 1.2804 support level, look for buy trades. If bearish candlestick closes below 1.2804 critical support level, then up trend is going to end.

USD/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 104.89 price level. So, as long as price stays above 104.89 support level, look for buy trades. If bearish candlestick closes below 104.89 critical support level, then up trend is going to end.

USD/CAD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3339 price level. So, as long as price stays below 1.3339 resistance level, look for sell trades. If bullish candlestick closes above 1.3339 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 0.9047 price level. So, as long as price stays above 0.9047 support level, look for buy trades. If bearish candlestick closes below 0.9047 critical support level, then up trend is going to end.

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