Swiss franc gains ahead?

February 16, 2016 09:11 AM


USD/CHF turned up sharply over the last few days, which looked like an impulsive reaction. We assume that a significant low of a big corrective wave four on a daily chart can be in.

That said, we will look for more gains ahead after any pullback. On hourly chart we see recent one as sub-wave four of 3 that can be looking for a move up to 0.9930 in the short-term.

USD/CHF - 1hr

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About the Author

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: