Tight rope Faller Wide 000

USDCHF Elliott Wave

USDCHF Elliott Wave

tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

07 January 2019 Elliot Wave No change. USDCHF is unfolding an overlapping drop down from 1.0005 level which we labelled as wave c of 2. Wave c can be an EW ending diagonal in the making, which can look for support and a bounce near the Fibonacci ratio of 61.8. A later rally in five-waves and a break above the 1.0005 swing high would suggest a completed correction of a higher degree and more upside.

11/01/2019

    tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

    12 November 2018 Elliot Wave No change. A five-wave recovery on USDCHF from 0.9541 level suggests that wave 1 of a higher degree had ended, and that a new temporary, three-wave correction can be in play. We are talking about wave 2, which can unfold a temporary a-b-c set-back and can later look for support and a bounce around 0.985 region, or deeper near the 0.974 level.

    13/12/2018

      tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

      06 November 2018 Elliot Wave No change. A five-wave recovery on USDCHF from 0.9541 level can be a suggestion that wave 1 of a higher degree is ending, and that a new temporary, three-wave correction can join the trend. We are talking about wave 2, which can unfold a temporary a-b-c pullback and can later look for support and a bounce near the 0.985 region, or deeper near the 0.974 level.

      29/11/2018

        tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

        06 November 2018 Elliot Wave No change. A five-wave recovery on USDCHF from 0.9541 level can be a suggestion that wave 1 of a higher degree is ending, and that a new temporary, three-wave correction can join the trend. We are talking about wave 2, which can unfold a temporary a-b-c pullback and can later look for support and a bounce near the 0.985 region, or deeper near the 0.974 level.

        29/11/2018

          tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

          30 October 2018 Elliot Wave No change. USDCHF made a strong and firm recovery in September, a clear impulse which is a trend changer. We labelled a completed five-wave rally within wave 1, with current turn higher from the 0.9845 level representing sub-wave b of 2. Wave 2 is a correction, so a minimum three-wave pullback can be expected on the USDCHF, before more gains may be seen. That said, sub-wave b may be trading in final stages, so be aware of a sharp and final drop into sub-wave c as part of a bigger correction.

          16/11/2018

            tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

            25 October 2018 Elliot Wave No change.USDCHF made a nice recovery since end of September, a clear impulse which is a trend changer. However, nothing moves in straight lines so a corrective set-back as part of a bullish cycle can already be in play for the last two weeks. Ideally that's a wave 2 flat correction where sub-wave c may still pull pair down to 0.9750/0.9850 area where new bounce may occur.

            9/11/2018

              tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

              18 October 2018 Elliot Wave USDCHF made a nice move up in the last three weeks; a clear impulse which is a trend changer. However, nothing moves in straight lines so a corrective set-back as part of a bullish cycle can already be in play from 0.9955 area. Ideally that is wave 2 that may unfold a flat correction and look for support and a bounce around 0.9740-0.9830 area.

              31/10/2018

                tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

                12 October 2018 Elliot Wave No change. USDCHF made a nice move up in the last few weeks; a clear impulse which is a trend in change. However, nothing moves in a straight line so a reversal down that we see at the moment can be a corrective set-back. Ideally wave 2 that may look for a support at 0.9740-0.9830 area.

                25/10/2018

                  tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

                  05 October 2018 Elliot Wave USDCHF is accelerating higher significantly following that break out of a wedge pattern last week which confirmed a low in place. We see market rising in impulsive fashion, so it's a trend change with more upside coming after any set-back, especially after deeper wave 2. At the moment we see price unfolding final stages of wave 1, which can look for a top near the Fibonacci projection ratio of 261.8%, or around parity.

                  18/10/2018

                    tradinglounge.comUSDCHF Elliot Wave Chart 1 hr

                    01 October 2018 Elliot Wave USDCHF is testing short-term Fib. resistance levels highlighted on Friday, where price can slow down, but only temporary four wave four, which can find a base at the upper trendline of base channel; similar like red wave iv) of a lesser degree.

                    11/10/2018

                      tradinglounge.comUSDCHF Elliot Wave Chart 1 hr

                      25 September 2018 Elliot Wave We see some mixed dollar reaction this morning, and these choppy waves can actually continue till the FOMC rate decision tomorrow. However, we have a deal with some clear patterns below. I like USDCHF turn from 0.9540 which looks like an aggressive rise; ideally impulse that is now also trying to break above the upper trendline. Ideally this break will take pair back to 0.9766.

                      2/10/2018

                        tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

                        17 September 2018 Elliot Wave USDCHF has been trading sharply lower after a break out of a triangle last month, and it appears that lows are not in yet after a drop to a new low last week which looks like an ongoing wave 5 of C) that can be even completing current weakness with an ending diagonal. If we are correct, then bounce will show up by the end of the week, but any reversal in price can be confirmed only by a five wave rise.

                        25/09/2018

                          tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

                          10 September 2018 Ellit Wave No change. USDCHF keeps moving sharply lower after a break out of a triangle, so we see pair in wave C) that is trading at some interesting Fib. support levels. As such, bears may slow down in the near future, but as always we have to see a five wave bounce to confirm a change in trend; in our case above 0.9805 to confirm a bullish turn.

                          18/09/2018

                            tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

                            03 September 2018 Elliot Wave USDCHF keeps moving sharply lower after a break out of a triangle, so we see pair in wave C) that is trading at some interesting Fib. support levels.. As such, bears may slow down in the near future, but as always we have to see a five wave bounce to confirm a change in trend; in our case above 0.9805 to confirm a bullish turn.

                            12/09/2018

                              tradinglounge.comUSDCHF Elliot Wave Chart 1 hr

                              27 August 2018 Elliot Wave USDCHF did not move much; its trading in a range that can be wave four still if we consider a triangle idea, so our view remains unchanged. We are looking for a drop into a fifth wave this week.

                              5/09/2018

                                tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

                                20 August 2018 Elliot Wave No change. USDCHF is trading in a bigger, sideways pattern known as a triangle correction which is expected to send prices sharply to the upside; maybe already after 0.9984 swing is taken out. But in the meantime, the lower trendline support must stay in place.

                                30/08/2018

                                  tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

                                  10 August 2018 Elliot Wave No change.USDCHF is trading in a bigger, sideways pattern known as a triangle correction. We see three of the five needed waves unfolded, so leg d) can now be in play from the 0.9866 level with three of its own minor waves, which can later look for resistance and a bearish turn into wave e) at the 0.9978 level or maybe from the 1.000 psychological price. That said, we will have to wait more time before we may see a strong break to the upside.

                                  23/08/2018

                                    tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

                                    2 August 2018 Elliot Wave No change.
                                    USDCHF is trading in a bigger, sideways pattern known as a triangle correction. We see three of the five needed waves unfolded, so leg d) can now be in play from the 0.9866 level with three of its own minor waves, which can later look for resistance and a bearish turn into wave e) at the 0.9978 level. That said, a sharp rally and a break above the 1.009 region would confirm a completed correction and more upside

                                    14/08/2018

                                      tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

                                      27 July 2018 Elliot Wave No change. USDCHF is currently dropping, unfolding a three-wave move in wave c) that can be part of a bigger, complex, sideways movement. We see sub-wave c of c) in play, which can look for support and a bounce near the 0.9855 level for a wave d) of a triangle. That being said, the second scenario shows us a flat correction, with current turn down being part of a five-wave move within wave c) of four that can look for support near the 0.9787 region.

                                      8/08/2018

                                        tradinglounge.comUSDCHF Elliot Wave Chart 4 hr

                                        24 July 2018 Elliot Wave No change. USDCHF is currently dropping, unfolding a three-wave move in wave c) that can be part of a bigger, complex, sideways movement. We see sub-wave c of c) in play, which can look for support and a bounce near the 0.9855 level for a wave d) of a triangle. That being said, the second scenario shows us a flat correction, with current turn down being part of a five-wave move within wave c) of four that can look for support near the 0.9787 region.

                                        2/08/2018

                                          Text/HTML