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

 


ew-forecast.com Offer 50% off

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

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 TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com