Daily Elliott Wave Video Analysis — February 9, 2021
The daily Elliott Wave analysis video for February 9, 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 0.7646 price level. So, as long as price stays above 0.7646 support level, look for buy trades. If bearish candlestick closes below 0.7646 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 127.33 price level. So, as long as price stays below 127.33 resistance level, look for sell trades. If bullish candlestick closes above 127.33 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 1.1987 price level. So, as long as price stays above 1.1987 support level, look for buy trades. If bearish candlestick closes below 1.1987 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 1.3679 price level. So, as long as price stays above 1.3679 support level, look for buy trades. If bearish candlestick closes below 1.3679 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 105.29 price level. So, as long as price stays below 105.29 resistance level, look for sell trades. If bullish candlestick closes above 105.29 critical resistance level, then down trend is going to end.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 bearish in 1 hour chart. Intraday resistance is present at 0.9018 price level. So, as long as price stays below 0.9018 resistance level, look for sell trades. If bullish candlestick closes above 0.9018 critical resistance level, then down trend is going to end.
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