Daily Elliott Wave Video Analysis — January 5, 2021
The daily Elliott Wave analysis video for January 5, 2021, 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 0.7556 price level. So, as long as price stays above 0.7556 support level, look for buy trades. If bearish candlestick closes below 0.7556 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 127.01 price level. So, as long as price stays below 127.01 resistance level, look for sell trades. If bullish candlestick closes above 127.01 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 1.2308 price level. So, as long as price stays below 1.2308 resistance level, look for sell trades. If bullish candlestick closes above 1.2308 critical resistance level, then down trend is going to end.
GBP/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.3521 price level. So, as long as price stays above 1.3521 support level, look for buy trades. If bearish candlestick closes below 1.3521 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 103.45 price level. So, as long as price stays below 103.45 resistance level, look for sell trades. If bullish candlestick closes above 103.45 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 1.2819 price level. So, as long as price stays below 1.2819 resistance level, look for sell trades. If bullish candlestick closes above 1.2819 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 0.8917 price level. So, as long as price stays below 0.8917 resistance level, look for sell trades. If bullish candlestick closes above 0.8917 critical resistance level, then down trend is going to end.
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