USDCHF - Wild Swings Signaling End Of Trend? Or Just A Pause?

FX:USDCHF   U.S. Dollar / Swiss Franc
330 0 14
We have been watching USDCHF             drop from it's high set in Nov., 2015 to now. It wasn't a smooth ride down but rather a very bumpy back and forth type down trend. Makes it pretty difficult to trade. But in the past days, it has been particularly rough to trade as the Swissy just kept swinging back and forth wildly! If you tried to trade it, you know what I mean! Wild enough to drive a blind man crazy! But yesterday, there was a breakout of that wild swinging pattern. What does it mean? Let's take a look....

BTW             , I had held off on doing a monthly on USDCHF             just exactly for the reason above. It was just swinging so wildly that I did not feel any confidence in making any projections. But with yesterday's "breakout", maybe the picture is somewhat more clear now.


The subwaves in the downtrend from the wave (X) highs are broken down here. Clearly the wave (1) and wave (2) of (Y) are done. Breaking down the wave (3) shows that USDCHF             could've just finished the wave iii             of ( iii             ) of the larger wave (3) of (Y). So that means that the wave ( iii             ) of (3) is still not done. At present, USDCHF             is in the wave iv of ( iii             ) retrace.


It's headed lower. That "breakout" I mentioned in the opening is just a retracement and the main downtrend will resume as soon as it's done. Which maybe soon. I will be looking to sell when there is a setup to go short on this pair for the larger move down.

This was just a snippet of the COMPLETE Monthly Analysis that is available for FREE to all on my website. Go there to get it: http://goo.gl/D6nqKO
You'll need to register if you haven't already: http://goo.gl/qRNGsF

Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.

If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to: efxselect.com for more info.
SPECIAL Commodities $39.99/mo http://bit.ly/2AZWhx4
List of my ACTIVE Trades: http://bit.ly/2JkoaR3active
Sign up to mailing list: http://bit.ly/2iNieEY
Facebook Group: https://www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: efxselect.c
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out