Daily Elliott Wave Video Analysis — February 5, 2021

The daily Elliott Wave analysis video for February 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 bearish in 1 hour chart. Intraday resistance is present at 0.7703 price level. So, as long as price stays below 0.7703 resistance level, look for sell trades. If bullish candlestick closes above 0.7703 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 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 bearish in 1 hour chart. Intraday resistance is present at 1.2188 price level. So, as long as price stays below 1.2188 resistance level, look for sell trades. If bullish candlestick closes above 1.2188 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 1.3565 price level. So, as long as price stays above 1.3565 support level, look for buy trades. If bearish candlestick closes below 1.3565 critical support level, then up trend is going to end.

USD/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 104.39 price level. So, as long as price stays above 104.39 support level, look for buy trades. If bearish candlestick closes below 104.39 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 1.2736 price level. So, as long as price stays above 1.2736 support level, look for buy trades. If bearish candlestick closes below 1.2736 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 0.8925 price level. So, as long as price stays above 0.8925 support level, look for buy trades. If bearish candlestick closes below 0.8925 critical support level, then up trend is going to end.

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