ew-forecast

Five Waves Up On The USDHCF Indicates A Corrective Recovery

FX:USDCHF   U.S. Dollar/Swiss Franc
USDCHF             is in sharp rise for the last couple of weeks with increasing bullish momentum since market found support at 0.9640 so it appears that strong bullish trend is in progress now. In fact, we can count five waves up from 0.9640 which is a structure of an uptrend, so we can expect more upside after any three wave of retracement. Recently market fell sharply from 1.0000 psychological level, which can signal for an upcoming A-B-C retracement especially once channel support line is broken.
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