• 11 hours Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 14 hours Airbnb In Acquisition Mode Ahead Of IPO
  • 17 hours Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 19 hours Champagne Sales Slow As European Economic Worries Grow Louder
  • 1 day Putin Signs “Digital Iron Curtain” Into Law
  • 2 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 2 days Tesla Looks To Jump Into Indian Market
  • 2 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 2 days Homeowners Experiment With Risky New Investment Trend
  • 3 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 3 days De Beers To Expand World’s Most Profitable Diamond Mine
  • 3 days Ford CEO Gets Raise After Massive Layoff Round
  • 3 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 4 days Where To Look As Gold Miners Inch Higher
  • 4 days Google Faces Billions In Fines From European Regulators
  • 5 days The Energy Industry Has A Millennial Problem
  • 5 days Russian Banks Scramble For Sanction Loopholes
  • 6 days Gold ETFs Take A Hit After Four-Month Run
  • 6 days European Union Takes Aim At Ten New Tax Havens
  • 7 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On USDCHF And GOLD

USDCHF

USDCHF seems to be on a high probability to trace out black wave 3 with possible resistance around 0.9730 level, from where we expect a pullback to around 0.9655 zone, where wave iv of a lesser degree can react as a support and a turning point. When wave 4 unfolds we expect more upward price action in the final wave 5.

Invalidation level is at 0.95904- as long as it holds, we are looking bullish.

USDCHF, 1H

USD/CHF 1-Hour Chart


GOLD

Looks like Gold completed its corrective pullback, as price made a nice intraday break above upper channel line, which usually indicates that more gains can be coming. Invalidation level is at latest lows at 1.276, as long as price trades above this level, we are looking to the upside.

GOLD, 1H

Gold 1-Hour Chart

 


Are you also wondering where is the USDCHF and GOLD headed Long-term? We have special updates for active traders. For more details, visit our page at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment