USDCHF Bears in Charge. Time for a New Key Level

On May 30th USDCHF was trading near 1.0100 in an attempt to recover from a decline from 1.0238 to 1.0009. The bulls had managed to add more than 90 pips and seemed determined to get the job done. Unfortunately for them, there was an Elliott Wave pattern suggesting their efforts were most likely going to…

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USDCHF Elliott Wave Pattern and a Key Level to Watch

The Swiss franc was among the very few currencies that managed to stand their ground against the U.S dollar in May. USDCHF reached 1.0238 in late-April. The last time the pair traded this high was in January 2017, two and a half years ago. Unfortunately for the bulls, a 230-pip decline dragged the rate back…

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USDCHF Inspires a Better Idea Now

Just two days ago, on Monday, while USDCHF was trading around 0.9785, we published “USDCHF Is Not The Pair to Buy Right Now”, citing that it “could be expected to continue to the south from now on”. Today, because of Trump’s victory or not, the exchange rate plunged to 0.9549. So far, so good. The…

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USDCHF Is Not The Pair to Buy Right Now

USDCHF was looking pretty good just two weeks ago, when it almost reached parity, climbing to as high as 0.9998 on October 25th. Unfortunately, the bulls must be very disappointed now, after the pair crashed to 0.9678 last Friday. The question now is how to determine if this a dip to buy or the start of…

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USDCHF Ready to Skyrocket?

USDCHF climbed to 1.0328 in late-November, 2015, but lost almost 9 figures by the beginning of May, 2016. Nevertheless, the pair managed to find support at 0.9444 and has been rising since. With the exchange rate currently hovering around 0.9830, it is time to take a look at the charts and see what the Elliott…

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USDCHF Ten Months After The Panic

“USDCHF Four Months After The Panic” was published on May 13th, 2015, to prepare you for the long-term recovery suggested by the Elliott Wave Principle. As always, our bullish expectations were motivated by the wave structure of the price action the 4-hour chart of USDCHF made visible. The forecast, first published more than six months…

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USDCHF Four Months After The Panic

January 15th, 2015, is a date some FOREX traders will never forget, especially those with positions against the Swiss franc.  “Business Insider” gives a pretty clear description: “In a shock move, the Swiss National Bank scrapped a three-year-effort to keep down the value of the franc, sending the Swiss currency soaring by as much as 30 percent. The…

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Two perfectly looking setups ahead of FOMC

EURUSD and USDCHF look ready to resume their larger trends after the FOMC report. According to the Elliott Wave Principle, when the market has drawn a 5-3 wave model, at least another five waves should be expected in the direction of the previous five, thus making the whole pattern 5-3-5. So, our idea is to…

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