Tag Archives: 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…

CHF JPY Bullish Elliott Wave Sequence

Daud Bhatti

In this article we will take a look at Elliott Wave structure of CHF JPY pair since the low at 4.16.2017. Move up from 4.16.2017 (107.67) to 5.25.2017 (115.16) was in 7 swings and completed wave (W). Then we saw the pair pull back from the highs. Below is the 480 minute chart presented to clients on 11th June 2017 where we were looking for pair to end the correction in 112.87 – 111.52 area and resume the rally for new highs. 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…

EUR/CHF Bullish But Close To Historical Sellers

Nenad Kerkez

The EUR/CHF is in a strong uptrend but it is getting close to historical sellers. As we can see on the chart, the inner trend line has been broken and the pair is currently slightly above H3 – in no man’s land. There are 2 scenarios. If the pair gets to historical sellers we could see sellers taking over the pair. POC2 (H4, quad-top, historical sellers) 1.0925-1.0935 is the zone for short entries towards 1.0890. Conversely, 1.0890-1.0900 POC ( inner trend line, L4, EMA89, DPP) is the zone where we might expect bounce towards 1.0930 zone. Pay attention to movement as the range is small and the pair is in the middle of nowhere at this point. more…