Daily Elliott Wave Video Analysis — February 1, 2021

The daily Elliott Wave analysis video for February 1, 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 0.7591 price level. So, as long as price stays above 0.7591 support level, look for buy trades. If bearish candlestick closes below 0.7591 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 127.48 price level. So, as long as price stays below 127.48 resistance level, look for sell trades. If bullish candlestick closes above 127.48 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 1.2057 price level. So, as long as price stays above 1.2057 support level, look for buy trades. If bearish candlestick closes below 1.2057 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 1.3758 price level. So, as long as price stays below 1.3758 resistance level, look for sell trades. If bullish candlestick closes above 1.3758 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 103.31 price level. So, as long as price stays above 103.31 support level, look for buy trades. If bearish candlestick closes below 103.31 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 1.2684 price level. So, as long as price stays above 1.2684 support level, look for buy trades. If bearish candlestick closes below 1.2684 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 0.8756 price level. So, as long as price stays above 0.8756 support level, look for buy trades. If bearish candlestick closes below 0.8756 critical support level, then up trend is going to end.

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