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Elliott Wave Analysis: USDCHF Looks Higher Ahead

On USDCHF we have seen a nice reaction to the upside in the last two weeks from around 0.8800 region where market might have completed an ending diagonal pattern that we were tracking it in wave C for a while. We can see current price above the upper trendline of the pattern which suggests higher USDCHF in days maybe even weeks ahead. Break of 0.9250 break would be a final confirmation for completed bear market on USDCHF.

USDCHF Daily Elliott Wave Analysis

USD/CHF Daily Chart

 


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