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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 Elliott Wave Analysis: Bullish Reversal 0 comments
    Jan 6, 2014 4:50 AM

    USDCHF is moving nicely to the upside from 0.8800 region where we see signs of a completed bearish trend. Notice that current rise is sharp that already moved beyond 0.9000 swing high so we assume that market is forming an impulsive recovery, now in subwave 3 of 1) testing some resistance area around 0.9060 from where we may see a corrective pullback in wave 4 back to 0.8980-0.9000 zone before uptrend resumes again

    USDCHF 4h Elliott Wave Analysis

    (click to enlarge)

    Written by www.ew-forecast.com

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