On April 21 2021 I posted on social media @AidanFX “USDCHF as long as price stays below 0.9215 the pair can still make another move lower towards 0.91 handle.” The chart below was also posted on social media @AidanFX April 23 2021 showing the possible bearish patterns. Pink bearish pattern triggered SELLS perfectly in the […]
The Swiss franc is a currency that is always in the hurricane of the Forex because on several occasions the Swiss National Bank has intervened to prevent a continued appreciation of the currency against the dollar. The last time we saw a clear consequence for USDCHF intervention was in early 2015 when the pair lost […]
USDCHF rally from March 28 low is impulsive and while dips stay above there, pair can see further upside.This article & video look at the Elliott Wave path.
Here, I am going to take a look on weekly and daily charts of Euro Swissy $EURCHF. In a quiet natural way, this cross is a ratio of two pairs: $EURUSD and $USDCHF. In weekly time frame, the pair $EURCHF shows a strong positive correlation to $USDCHF which is currently turning up. We expect the latter to […]
We keep mentioning to our members are in our Social Media feeds that blue boxes shown on our charts are High-Frequency areas which are based in a relationship of sequences, cycles and calculated using extensions. When ever market gets a bit volatile like we have seen for the last couple of weeks due to Corona […]
USDCHF shows an incomplete sequence from April 2019 peak favoring further downside and rally to fail in 3, 7, 11 swing. In the short term chart below, the bounce to 0.985 ended wave B and pair has resumed lower in wave C. The internal subdivision of wave C is unfolding as a 5 waves impulse Elliott […]