USD/CHF Archives - Elliott Wave Forecast

USDCHF Reaches New Lows: A Perfect Reaction from the Blue Box Zone

June 25, 2025 By Hassan Sheikh

In this technical blog, we are going to take a look at the past performance of USDCHF 1-Hour Elliott wave Charts that we presented to our members. In which, the decline to 6.13.2025 low took place as an impulsive structure and showed a lower sequence calling for more downside to happen. Therefore, our members knew that selling the bounces in the direction of the right side tag remained the preferred path. We will explain the Elliott wave structure & selling opportunity our members took below:

USDCHF 1-Hour Elliott Wave Chart From 6.18.2025

USDCHF 1-Hour Elliott Wave Chart from 6.18.2025 London update. In which the decline to $0.8052 low ended the decline from 5.12.2025 peak & made a bounce higher. Up from there, the pair made a bounce towards the blue box area. The internals of that bounce unfolded as zigzag structure where wave a ended at $0.8148 high. Wave b pullback ended at $0.8085 low. And wave c was expected to reach the blue box area. From there, sellers were expected to appear looking for further downside or a minimum 3-wave reaction lower.

$USDCHF 1-Hour Elliott Wave Chart From 6.25.2025

This is the latest 1-Hour view from the 6.25.2025 Asia update. In which the pair is showing a reaction lower taking place from the blue box area. Allowing shorts to get into a risk-free position shortly after taking the position. Since then the pair has already made a new low below 6.13.2025 low confirming the next extension lower towards $0.7790- $0.7528 target area.

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USDCHF : Moves Lower as Expected

May 3, 2021 By EWF Aidan

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 blue support/resistance zone. This support/resistance zone acted as a good resistance area where price reacted with a move lower. More added reason the pair could push lower was a bearish divergence pattern (purple) also formed in the same confluence area support/resistance zone and price was respecting the dynamic resistance moving average (black) which gave me more confidence the pair would push lower. Entered the SELL trade at 0.9166 with Stop Loss at 0.9196 and targets below at the 1:1.5 RR. A trader should always have multiple strategies all lined up before entering a trade. Never trade off 1 simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup.

USDCHF 1 Hour Chart April 23 2021

USDCHF eventually moves lower and on April 26 2021 price hits the 1:1.5 RR target at 0.9121 from 0,9166 for +45 pips. Though i closed at the 1:1.5 RR target, price continued lower and by the end of the trading week the pair hit and broke below the 0.91 handle as tweeted April 21 2021. If you followed me on social media @AidanFX you too could have caught the USDCHF move lower. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.

USDCHF 1 Hour Chart April 26 2021

Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX

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Possible Long Term Elliott Wave Structures for USDCHF

November 23, 2020 By EWFLuis

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 31 cents in a few minutes. However, these interventions in the USDCHF have not been able to stop the natural cause of the pair, the bearish trend.

As we see in the historical chart, the franc has been appreciating against the dollar for 50 years and it is not unreasonable to infer that it will continue with the same trend. If we look at the structure of the pair, we can count 5 swings down from the year 1970, so we would need at least 2 more swings to complete a great cycle that could last more than 60 years in total. We are currently in swing number 6 which it is very likely that has not finished yet, this is because a correction of this type should look at least a 38.2% Fibonacci correction of the last swings, that means swing 6, which in this case has not yet finished.

source: fxtop.com

Elliott Wave Structure No. 1 on USDCHF

In the monthly chart of USDCHF that we see below, we have a probable developing structure of Elliott waves to complete swing 6 that we discussed earlier. The structure we see is a double correction WXY. For more information on Elliott structure visit this link: Elliott Waves Theory. The first part is an ABC correction that we call W that ended at the beginning of 2015. Then we have a correction of all that movement, which we call X, precisely the result of the intervention of the Swiss Bank. Then we started a new corrective structure in 3 ABC waves which we will call Y . We are currently in B which should typically be looking for the 0.83 – 0.87 area and then bounce back and end swing number 6 with a rally close to the 1.13 level.

Elliott Wave Structure No. 2 on USDCHF

In the second monthly chart of the USDCHF, we see the same WXY structure where the depth of the correction varies. This Elliott structure could take USDCHF to levels close to 1.26. The difference here is that the W wave is longer in time. Where wave A is a Leading Diagonal, wave B is an irregular flat correction and wave C is a Ending Diagonal to complete W at the end of 2016. This means that we are recently running the connector X which should reach, like the previous case, to the 0.83 – 0.87 zone and give a rebound. Here the rally would be made up of 3 more waves to complete Y and not just one wave. And this structure could reach levels as high as 1.26.

Of course, this is in theory because hence the corrective structures of Elliott waves are diverse and we can have many variations before ending swing 6. The important thing is to have the long-term direction of the pair.

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Elliott Wave Forecast: USDCHF Dips Can See Support

April 8, 2020 By EWFHendra

Elliott Wave View suggests USDCHF rally from March 9 low is unfolding as 5 waves impulse structure. Up from March 9 low, wave ((1)) ended at 0.9889, and wave ((2)) pullback is proposed complete at 0.9497. Internal of wave ((2)) unfolded as a Flat structure. Wave (A) ended at 0.974, wave (B) bounce ended at 0.99, and wave (C) of ((2)) ended at 0.9497.

Pair still needs to break above March 21 high (0.99) to avoid a double correction in wave ((2)). Wave ((3)) is currently in progress as another 5 waves where wave (1) of ((3)) ended at 0.9797. Internal of wave (1) also unfolded as 5 waves impulse in lesser degree. Up from 0.9497, wave 1 of (1) ended at 0.9685, and pullback in wave 2 of (1) ended at 0.9593. Pair resumed higher in wave 3 of (1) towards 0.9796, and pullback in wave 4 of (1) ended at 0.974. Finally, wave 5 of (1) ended at 0.9797.

Wave (2) pullback is in progress as a zigzag structure where wave A ended at 0.968. Expect wave B bounce to fail below 0.9797 and pair to turn lower in wave C of (2) to correct cycle from March 28 low in 3, 7, or 11 swing before the rally resumes.

USDCHF 1 Hour Elliott Wave Chart

USDCHF Elliott Wave Video

$EURCHF : Euro Swissy soon to end correcting the 2015 cycle

March 17, 2020 By EWF Helgi

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 rally for next months to years to end correction up of a cycle lower of higher degree. In this rally to come, Euro Swissy is lagging as 1) it needs to accomplish its own pattern and 2) $EURUSD on the weekly favors a bit more downside before turning up.

Swissy Weekly Elliott Wave Analysis 03.17.2020

As demonstrated on the weekly chart below, the cycle up from the January 2015 lows has printed a top on April 2018. It shows 5-3-5 structure which can be an Elliott wave zigzag pattern. From 2018 highs, we observe a choppy decline which favors the correction scenario rather than an impulse to the downside. Therefore, I denote the zigzag up as a cycle wave w in red and the weakness from 2018 highs as a cycle wave x being still in progress. Once the corrective cycle lower is finished, a push higher in a cycle red wave y can be expected.

Euro Swissy Elliott Wave Weekly

Swissy Daily Elliott Wave Analysis 03.17.2020

In addition, the daily chart below reveals the correction from April 2018 highs to develop as a double three pattern. The cycle lower in black wave ((W)) has ended on September 2018. Afterwards, the wave ((X)) has finished correcting the cycle lower on April 2019. From there, 3rd leg lower in ((Y)) has reached already the equal legs extension area of the wave ((W)) (not shown). However, the internals of the wave ((Y)) may see an equal legs extension as well before $EURCHF will turn higher. Namely, while below 1.071, Euro Swissy may extend lower in blue wave (C) from October 2019 highs to the Blue Box (s. weekly/daily) towards 1.039-1.023 area to reach the equal legs area with the blue wave (A) from April 2019 highs. From there, Swissy can finally resume the rally to the new highs or can see a 3 waves bounce at least.

Euro Swissy Elliott Wave Daily

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USDCHF: Sellers defended Elliott Wave Blue Box For New Lows

March 5, 2020 By Daud Bhatti

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 virus fears, many traders start looking for answers and news to decide what to do next, whether to buy or sell, whereas we are always looking for the Blue Boxes and the relationship between Instruments, cycles, and sequences to guide members into the next trading opportunity. Our motto is do not trade the hype, trade the sequences and technical levels. In this article, we would look at a blue box area that we presented in USDCHF forex pair and show the readers how the sellers defended this Elliott wave blue box and what happened next.

USDCHF 4 Hour Elliott Wave Analysis 2.9.2020

Chart below showed the pair ended a cycle from 1.00294 peak at 0.9610 and started bouncing. The initial recovery was in 3 waves and that was followed by a 3 waves drop to hold above 0.9610 low. Then the pair started rallying again and the rally this time appeared impulsive which indicated that pair was working on a 3-3-5 Elliott wave FLAT correction. We expected this corrective bounce to end between 0.9782 – 0.9879 and we highlighted this area with a blue box that we talked about at the beginning. This is the area where we expected sellers to enter the market to resume the decline for a new low or produce 3 waves reaction lower at minimum. In the chart below, we will see how the pair reacted from this blue box area.

USDCHF 4 Hour Elliott Wave Analysis 3.3.2020

Sellers did appear in the blue box and selling pressure was so strong that pair quickly dropped to a new low below 0.9610 allowing any sellers from the blue box to get into a risk free position. Pair is expected to still fail in the bounces and see more downside toward 0.9431 – 0.9332 area and that’s the target area for the sellers which appeared in the blue box between 0.9782 – 0.9879.

Our Live Trading Room sold the pair in the blue box, below is a clip from the live trading room explaining the trade based on the blue box shown above.