Best Analysis AwardUSDCHF has traced 5 waves up, which we see as the start of a new upside trend from latest lows. This pair touched psychological level 1.000  and found resistance there. Current development we see as a corrective three wave pullback with support around 0.9840 levels, from where we expect to see further continuation to higher levels. 

USDCHF, 1H

Advertisement
Enjoy 10 days of daily forecast based on Elliott Wave Analysis

By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!

By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD alternates gains with losses near 1.0720 post-US PCE

EUR/USD alternates gains with losses near 1.0720 post-US PCE

The bullish tone in the Greenback motivates EUR/USD to maintain its daily range in the low 1.070s in the wake of firmer-than-estimated US inflation data measured by the PCE.

EUR/USD News

GBP/USD clings to gains just above 1.2500 on US PCE

GBP/USD clings to gains just above 1.2500 on US PCE

GBP/USD keeps its uptrend unchanged and navigates the area beyond 1.2500 the figure amidst slight gains in the US Dollar following the release of US inflation tracked by the PCE.

GBP/USD News

Gold keeps its daily gains near $2,350 following US inflation

Gold keeps its daily gains near $2,350 following US inflation

Gold prices maintain their constructive bias around $2,350 after US inflation data gauged by the PCE surpassed consensus in March and US yields trade with slight losses following recent peaks.

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read more

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.

Read more

Majors

Cryptocurrencies

Signatures