Daily Elliott Wave Video Analysis — October 14, 2020

The daily Elliott Wave analysis video for October 14, 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 124.44 price level. So, as long as price stays below 124.44 resistance level, look for sell trades. If bullish candlestick closes above 124.44 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 bearish in 1 hour chart. Intraday resistance is present at 1.3014 price level. So, as long as price stays below 1.3014 resistance level, look for sell trades. If bullish candlestick closes above 1.3014 critical resistance level, then down 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 0.9114 price level. So, as long as price stays above 0.9114 support level, look for buy trades. If bearish candlestick closes below 0.9114 critical support level, then up trend is going to end.

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