Daily Elliott Wave Video Analysis — February 16, 2021

The daily Elliott Wave analysis video for February 16, 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 0.7717 price level. So, as long as price stays above 0.7717 support level, look for buy trades. If bearish candlestick closes below 0.7717 critical support level, then up trend is going to end.

EUR/JPY
The Trend is bullish in 1 hour chart. Intraday support is present at 127.11 price level. So, as long as price stays above 127.11 support level, look for buy trades. If bearish candlestick closes below 127.11 critical support level, then up trend is going to end.

EUR/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.2080 price level. So, as long as price stays above 1.2080 support level, look for buy trades. If bearish candlestick closes below 1.2080 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 1.3774 price level. So, as long as price stays above 1.3774 support level, look for buy trades. If bearish candlestick closes below 1.3774 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 105.76 price level. So, as long as price stays below 105.76 resistance level, look for sell trades. If bullish candlestick closes above 105.76 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 1.2762 price level. So, as long as price stays below 1.2762 resistance level, look for sell trades. If bullish candlestick closes above 1.2762 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 0.8939 price level. So, as long as price stays below 0.8939 resistance level, look for sell trades. If bullish candlestick closes above 0.8939 critical resistance level, then down trend is going to end.

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