• 724 days Will The ECB Continue To Hike Rates?
  • 724 days Forbes: Aramco Remains Largest Company In The Middle East
  • 726 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,126 days Could Crypto Overtake Traditional Investment?
  • 1,131 days Americans Still Quitting Jobs At Record Pace
  • 1,133 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,136 days Is The Dollar Too Strong?
  • 1,136 days Big Tech Disappoints Investors on Earnings Calls
  • 1,137 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,139 days China Is Quietly Trying To Distance Itself From Russia
  • 1,139 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,143 days Crypto Investors Won Big In 2021
  • 1,143 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,144 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,146 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,147 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,150 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,151 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,151 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,153 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

USDCHF Long-term Bears Are Back: Elliott Wave Forecast

USDCHF fell strongly last week after changed SNB policy when they decided to end 1.2 peg on EURCHF. CHF is up across the board, and it seems to be first currency that is now turning bullish against the USD, so the question is if others will follow. Well, on USDCHF weekly chart we see a completed three wave rally so current leg down is part of a larger decline. We are looking for a drop beneath 2011 low in years ahead. Ideally pair will move down in three legs if we consider a possibility of an expanded diagonal formation.

USDCHF Weekly Elliott Wave Analysis

USDCHF Weekly Elliott Wave Analysis Chart

 


EW-Forecast ad

 

Back to homepage

Leave a comment

Leave a comment