USDCHF held 0.9447 – 0.9429 inflection area as expected & has shown a strong reaction higher. Traders long from inflection area should already be in a risk free position. New high above 0.9560 would make it 5 swings up from 0.9356 low moving invalidation higher to 0.9438. Ideal area for 5th swing to end is […]
$USDCHF Analysis using NEW Elliott Wave Theory 5.21.2014
Using the new Elliott Wave Theory, we will take a look at the USDCHF and try to forecast what the price should do next after reaching the area of equal legs at 0.8958. Unlike the traditional Elliott Wave Theory, we believe that the move off the 0.8698 low is a series of 3 waves and […]
$USDCHF holds 0.8931 for new lows
USDCHF is showing an 11 swing structure down from 0.9157 January high when 0.8931 was 2nd wave (( x )). As far as price stays below this level or pivot at this level keeps holding, we like more downside in the pair toward 0.8642 – 0.8697 from where we should see a bigger recovery in […]
$EURUSD & $USDCHF H1 updates
$USDCHF 9.27.2013 H1 update
$USDCHF drops to equal legs
Elliott wave analysis of USDCHF pair from members area showing a drop to equal legs in a double corrective structure. Before: After: If you would like to frequent , timely updates, stay on top of changes in short-term wave structure and be able to trade on right side of the market. sign […]
