Swiss Franc, forming bullish triangle
The price movements do appear to be contracting in a sideways fashion, zig by zag.
Overall the Swiss Franc is in a long term gently upward sloping channel, hence I've put the C wave up on the top.
Not quite sure as to wave D, will become apparent, may strengthen to upper line as indicated running off A to B, although individual pairs (of what are remaining) seem to indicate in a wave E.
The idea is to look at each currency as a single 'index' rather than each pair, and thus derive, seek out opportunity by knowing the waves of the currency itself, as it resides in the complex.
To each pair of the commonly traded ...
EURCHF: clear triangle, appears just complete – likely good to short. Caution on expectation … could be lead diagonal - keep an eye on retracement levels.
GBPCHF: already completed and broken down out of triangle, most likely correcting back up in a wave 2 or B, before resuming downtrend.
AUDCHF: appears AUD driven pair (i.e. it's not much different from a collated AUD 'index') - least likely to drop … appears either consolidation behaviour or B wave, doesn't look much good for medium term short trades. Just in similarly collated index terms - the AUD does appear to have the most obviously potential of the 8 common currencies, having completed a 5 wave descent, so I would think it possible that the AUD might 'outrun' the CHF, once it's broken out of the on the heels of gold etc.
NZDCHF: no idea, range bound for years. The NZD appears a bit lost.
USDCHF: most likely in E wave, limited upside with substantial potential.
CADCHF: most likely in short term, though possibly in immediate, appears to be forming … though short with caution / limited expectation – because of where the pattern is, and way it's sloping down it could end up being an .
CHFJPY: (although JPY not included in this 'index') … likely in very final stages of C or secondary B wave with big potential – I'm seeking long confirmation / trend change signals. The Yen appears to have generally completed a year long moving into at least a secondary corrective weakness
N.B. This is not advice / recommendation to take positions in individual pairs, simply a point of view in time via a common methodology, to give indication, probability to future price movements.