GBP CHF to the target and beyond

Twelve days ago, on October 2nd, we published a forecast, called “GBPCHF to return to 1.53”, where we stated that the pair looks vulnerable. We thought so, because the wave structure of the price action on the hourly chart showed a pattern, called “ending diagonal”, which suggests for a reversal. Below you can see how…

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GBPCHF to regain negative bias

Four days ago, on 2nd October, we showed you an analysis of the GBPCHF exchange rate, expecting it to fall to 1.53. Those of you, who have been observing this pair, probably know that it fell to 1.5372 and then bounced back up to the 1.5460 area. The chart below will help us examine the…

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GBPCHF to return to 1.53?

“Do I see a pattern I recognize?” is the question every Elliott Wave analysis should begin with. The 1-hour chart of GBPCHF gives us the opportunity to answer “yes”. It shows a very clear five-wave impulse with an ending diagonal in the position of wave 5. As visible, the diagonal has just been broken, which…

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GBPCHF, should you buy the dip?

GBPCHF has been in a strong uptrend for a long time now, but recently fell down from 1.5430 to 1.5209. Should you buy the dip? The Elliott Wave Principle can provide an answer to this question. On the 4-hour chart of GBPCHF you will see one of the clearest impulses imaginable. As visible, it is a very nice…

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