USD Is Trading Higher Across The Board: USDJPY and USDCHF Wave Analysis

By: Gregor Horvat | Tue, Apr 7, 2015
Print Email

USDJPY is higher, trading in impulsive fashion so be aware of more gains after any short-term pullback. Based on latest structure and Fibonacci levels we could see a fourth wave retracement soon, back to around 119.70/119.90.

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart

Traders USD is showing gains across the board ahead of the US session, and I just noticed a five wave up on USDCHF. It looks like dollar trend might have started as a lot of USD pairs are pointing in to the direction of stronger US currency. On USDCHF we see wave (v) now of 1, so be aware of a short-term pullback in the next 24 hours before going even higher.

USDCHF 1h Elliott Wave Analysis

USDCHF 1-Hour Elliott Wave Analysis Chart Offer 50% off



Gregor Horvat

Author: Gregor Horvat

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website:

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright ©