Elliott Wave Analysis: USDCHF Aiming For 1.0000


USDCHF is in sharp rise for the last few days, currently with increasing bullish momentum since market found support at 0.9766 so it appears that strong wave three is in progress now, possibly up to 1.0000 psychological level based on short-term cycles. For long-term view, we see pair at start of a new bullish phase which may continue as long as 0.9766 remains untouched.

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.