Has managed to break the broad falling wedge pattern and retested once around 0.92500 level and bounced back towards 0.93000
And we can see a series of HH HL HH pattern here which is a clear sign of the bullish trend. The next possible upside target would be 0.93500 and 0.94000
In second quarter of the 2020 USDCHF has managed to fell below the 0.90000...
We have a 5 Wave upward Impulse complete; then we have the 3 Wave Correction forming where Wave A is a Flat structure complete and verified; Wave B is a Contracting Triangle complete and verified; after completion of the Triangle there is a massive move in the direction opposite to the Wave E also Wave C is in the...
We have a downward 5 Wave Impulse complete; this is a WAVE 1 and now there is a Correction forming;
This Correction has Wave A comeplete and Wave B is forming; we need to verify the Wave A and B in the Lower Degree;
So here We have explained Wave As subdividions Wave A is a 5...
The USDCHF counter’s price broke the support line of the ascending triangle. The bullish trend has come to an end. Short is suitable for this counter because of the current market conditions. The bearish trend may prolong for a couple of days and the price is expected to fall till S1.
If the price retrace back to the support trend line then square off your short...
Hello Trader, Here is the full analysis of USDCHF:
1) Monthly - No significant price action found.
2) Daily - Forming big red candles which shows weakness in the prices.
2) 4Hourly - Currently testing the buy zone/support level and is in between 0 and 0.23 fib level(which is not an important level) .
3) Current retracement level is at 0.5 which is good level...
As CHF is considering as one of the safe heaven assets along with JPY its gained some strength during this financial crisis time
The Elliot wave is forming in this chart we can see that Wave 02 is almost completed and stated its run to complete the wave 03
It will form descending channel.
We can open short positions at this level which is...