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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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  • USDCHF: Sideways Within Uptrend; Be Aware Of A Break Higher 0 comments
    May 22, 2013 4:47 AM

    USDCHF is slow, choppy and sideways for the last few days which is a personality of a corrective price action. Therefore, we think that USDCHF is trapped in a wave four position, which could be forming a triangle in 0.9580-0.9760 range. If that's the case then pair will stay sideway another day or two and then break sharply higher, into wave 5) that could lift the pair to 0.9830/0.9860 region based on our Fibonacci projected levels.

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