Elliott Wave

Swiss franc gains ahead?

Gregor Horvat
February 16, 2016 09:11 AM

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USD/CHF

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 TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/