Daily Elliott Wave Video Analysis — November 3, 2020

The daily Elliott Wave analysis video for November 3, 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 0.7100 price level. So, as long as price stays below 0.7100 resistance level, look for sell trades. If bullish candlestick closes above 0.7100 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 124.98 price level. So, as long as price stays below 124.98 resistance level, look for sell trades. If bullish candlestick closes above 124.98 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 1.3025 price level. So, as long as price stays below 1.3025 resistance level, look for sell trades. If bullish candlestick closes above 1.3025 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 104.00 price level. So, as long as price stays above 104.00 support level, look for buy trades. If bearish candlestick closes below 104.00 critical support level, then up trend is going to end.

USD/CAD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.3177 price level. So, as long as price stays above 1.3177 support level, look for buy trades. If bearish candlestick closes below 1.3177 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 0.9091 price level. So, as long as price stays above 0.9091 support level, look for buy trades. If bearish candlestick closes below 0.9091 critical support level, then up trend is going to end.

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