Category Archives: USD/CHF

USDCHF: More Upside While Above 0.942

Daud Bhatti

USDCHF Elliott Wave view suggests that the rally from 3.5.2018 low (0.9336) is unfolding as a double three Elliott Wave structure where Minor wave W ended at 0.9535. Below from here, Minor wave X ended at 0.942 and the internal subdivision unfolded as a smaller degree double three Elliott Wave structure. Down from 0.9535, Minute wave ((w)) ended at 0.9456, Minute wave ((x)) ended at 0.9494, and Minute wave ((y)) of X ended at 0.942. Minor wave Y is currently in progress as a zigzag Elliott Wave structure where Minute wave ((a)) should end with 1 more leg higher towards 0.954 – 0.957. more…

S&P500 And USDCHF Intra-Day View

Grega Horvat

Stocks are much higher following better than expected US NFP reports on Friday, when E-mini S&P500 broke above 2760 resistance that we kept an eye on. Notice that index is actually today above Feb 27 high so it appears that recovery is still here and it may continue until it makes five wave up from 2648. Currently we see intraday bullish trend while price is above 2731/2740 area, aiming for 2830. more…

USDCHF Trading At The Start Of A Bullish Leg

Grega Horvat

On the daily chart of USDCHF we can see that price was trading quite choppy for the last two years and unfolded a bigger 3-3-5 EW Flat pattern. Well recently this flat found a low near the 0.9417 level for wave B and recovered nicely higher and eventually began a bigger rally after price breached above the trendline connected from December of last year. That said, this break now suggests a change in trend, from bearish to bullish and that a higher degree five-wave impulse may unfold within black wave C of Y). more…

USDCHF Trading In A Temporary Correction; More Upside Is Expected

Gregor Horvat

On the Daily chart of USDCHF we are looking at a higher degree complex correction, a three wave A-B-C rise of wave IV, that seems to be in action since end of December of 2014. That said as we can see, pair completed a triangle correction in the connecting wave B and made a sharp reversal higher, above the sub-wave D swing. As such we now believe price may unfold a five-wave movement within the final wave C, before making a higher degree impulsive drop towards new lows. Ideally price will make a run towards the 1.0700/1.0750. more…

Elliott Wave Analysis On USDJPY And USDCHF

Gregor Horvat

FX market is moving sideways, with a corrective price move shown on some several USD pairs, so USDJPY can be in a similar position. As we see on the chart, price structure from the last few days looks very tight, meaning it can still be trading corrective within wave four as part of an uptrend. Ideally this correction is a running triangle, that is pointing up into wave v of C towards the 105.00 projected area, while 102.77 support is not breached. more…

USDCHF Triple Bar Rejection At Resistance

Nenad Kerkez

The USD/CHF is bound in a ranging market just as EUR/USD. As we could see in this article, the EUR/USD is meant to go up (as it is going) and that normally means USD/CHF down due to a negative high correlation.

Technically we can spot a triple pin bar rejection off the H3 resistance and it looks like a failed inverted head and shoulders. Due to a range that USD/CHF is currently in we might see a good r:r if the pair proceeds down. 0.9940-50 is the zone where we could see a rejection and as long as the pair is below 0.9975 targets are 0.9900 and 0.9870. Additionally traders should pay attention to ADP today.

USDCHF Hourly Chart

USDCHF Hourly Chart


USD/CHF Hits A 5-Month Low As The SNB Stands Pat

Matt Weller

At the start of the week, we highlighted today’s Swiss National Bank meeting as a potential under-the-radar event risk that many traders were overlooking. As we suspected, the central bank did not make any changes to monetary policy, but did take the opportunity to reiterate its review that the Swiss franc is “still significantly overvalued.” For Switzerland’s heavily export-oriented economy, the value of the currency is one of the most important economic indicators, and the lack of upward pressure more…