Elliott Wave Analysis: Triangle On USDCHF Indicating Higher Price, 1.0000 Is In View
Analytics & Forecasts

Elliott Wave Analysis: Triangle On USDCHF Indicating Higher Price, 1.0000 Is In View

23 May 2016, 16:11
Roberto Jacobs
Roberto Jacobs
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Elliott Wave Analysis: Triangle On USDCHF Indicating Higher Price, 1.0000 Is In View

USDCHF remain in bullish mode as recent price action above 0.9800 looks like just another correction within uptrend. We see a triangle in wave four which is part of ongoing five wave recovery that can continue up to 1.0000 this week.

USDCHF, 1H

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#Elliott Wave analysis, Triangle On USDCHF, Indicating Higher Price, 1.0000 Is In View