Daily Elliott Wave Video Analysis — October 19, 2020

The daily Elliott Wave analysis video for October 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 bearish in 1 hour chart. Intraday resistance is present at 0.7190 price level. So, as long as price stays below 0.7190 resistance level, look for sell trades. If bullish candlestick closes above 0.7190 critical resistance level, then down trend is going to end.

EUR/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 123.70 price level. So, as long as price stays below 123.70 resistance level, look for sell trades. If bullish candlestick closes above 123.70 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 1.1786 price level. So, as long as price stays below 1.1786 resistance level, look for sell trades. If bullish candlestick closes above 1.1786 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 1.3063 price level. So, as long as price stays below 1.3063 resistance level, look for sell trades. If bullish candlestick closes above 1.3063 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 105.80 price level. So, as long as price stays below 105.80 resistance level, look for sell trades. If bullish candlestick closes above 105.80 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 1.3156 price level. So, as long as price stays above 1.3156 support level, look for buy trades. If bearish candlestick closes below 1.3156 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 0.9112 price level. So, as long as price stays above 0.9112 support level, look for buy trades. If bearish candlestick closes below 0.9112 critical support level, then up trend is going to end.

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