This pair is forming a bearish channel and now it looks like the price has been corrected from the trend. at the close of the week the price forms a new HH and possibly a rebound in the SR Flip area and is bullish to the SnD area above approaching the trendline channel
#USDCHF
- At this point, USDCHF is going down a bit. But with US PMI DATA and LABOR DATA being POSITIVE, USDCHF was BUY until last Friday. And FED UPDATES were very NEGATIVE. Hence, the CHF automatically rose against the USD in the previous days. Anyway, SWISS NATIONAL BANK has come out of NEGATIVE RATES. Anyway, RETAIL SALES POSITIVE came in US.
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USD/CHF looks very promising for the much higher prices on up-coming months according to Elliott Wave analysis. In my view we will break minimum as minimum 2016's high.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count...
USD/CHF ( US DOLLAR VS SWISS FRANC ) most likely on a bullish path. We are almost ready to go for the 3rd wave.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing...
