Daily Elliott Wave Video Analysis — October 21, 2020

The daily Elliott Wave analysis video for October 21, 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 0.7114 price level. So, as long as price stays below 0.7114 resistance level, look for sell trades. If bullish candlestick closes above 0.7114 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 125.07 price level. So, as long as price stays below 125.07 resistance level, look for sell trades. If bullish candlestick closes above 125.07 critical resistance level, then down trend is going to end.

EUR/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.1745 price level. So, as long as price stays above 1.1745 support level, look for buy trades. If bearish candlestick closes below 1.1745 critical support level, then up trend is going to end.

GBP/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3081 price level. So, as long as price stays below 1.3081 resistance level, look for sell trades. If bullish candlestick closes above 1.3081 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 bearish in 1 hour chart. Intraday resistance is present at 1.3202 price level. So, as long as price stays below 1.3202 resistance level, look for sell trades. If bullish candlestick closes above 1.3202 critical resistance level, then down trend is going to end.

USD/CHF
The Trend is bearish in 1 hour chart. Intraday resistance is present at 0.9109 price level. So, as long as price stays below 0.9109 resistance level, look for sell trades. If bullish candlestick closes above 0.9109 critical resistance level, then down trend is going to end.

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