Daily Elliott Wave Video Analysis — October 22, 2020

The daily Elliott Wave analysis video for October 22, 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 0.7020 price level. So, as long as price stays above 0.7020 support level, look for buy trades. If bearish candlestick closes below 0.7020 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 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 bullish in 1 hour chart. Intraday support is present at 1.3023 price level. So, as long as price stays above 1.3023 support level, look for buy trades. If bearish candlestick closes below 1.3023 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 105.73 price level. So, as long as price stays below 105.73 resistance level, look for sell trades. If bullish candlestick closes above 105.73 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 1.3130 price level. So, as long as price stays above 1.3130 support level, look for buy trades. If bearish candlestick closes below 1.3130 critical support level, then up 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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