USDCHF

A three-wave advance finished below 0.9199, so wave ii might have been in place. If correct, bearish wave iii has begun, so the market should continue declining in the short term.

A three-wave advance finished below 0.9199, so wave ii might have been in place. If correct, bearish wave iii has begun, so the market should continue declining in the short term.

A three-wave advance finished below 0.9199, so wave ii might have been in place. If correct, bearish wave iii has begun, so the market should continue declining in the short term.

A three-wave advance finished below 0.9199, so wave ii might have been in place. If correct, bearish wave iii has begun, so the market should continue declining in the short term.

Today’s advance puts the bearish scenario at risk. However, as long as the market is below 0.9199, the opportunity to have wave iii will remain on the table. A break of this level will suggest that wave (ii) might be still underway.

Today’s advance puts the bearish scenario at risk. However, as long as the market is below 0.9199, the opportunity to have wave iii will remain on the table. A break of this level will suggest that wave (ii) might be still underway.

Friday’s plunge brings more evidence for the bearish scenario. It seems like wave (ii) is in place, probably in the form of a zigzag. If correct, the market should continue unfolding wave (iii) in the next couple of days. The main critical level is 0.9199.

Today’s advance suggests that wave (ii) is still underway. If correct, the market should finish an upward impulse for wave c of (ii) shortly. A third-wave decline is likely going to begin a little later on.

Considering the bearish outlook on Dollar Index, we can’t rule out that wave B might have been in place as a triangle. If correct, we’re going to have a downward impulse in the short term. As shown on the 30M chart, wave (ii) is likely over in the form of a zigzag with a quite …

USDCHF – Possible triangle – August 25th, 2021 Continue to charts & full analysis »

Considering the bearish outlook on Dollar Index, we can’t rule out that wave B might have been in place as a triangle. If correct, we’re going to have a downward impulse in the short term. As shown on the 30M chart, wave (ii) is likely over in the form of a zigzag with a quite …

USDCHF – Possible triangle – August 24th, 2021 Continue to charts & full analysis »