USD/CHF anticipates a downswing

August 15, 2016 09:32 AM
Elliott Wave Analysis: USD/CHF

U.S. dollar/Swiss franc (USD/CHF) is slow since price fell to 0.9710 last week, so it appears that market is still making wave B pattern that can be an irregular correction. As such, further weakness down into wave C of E) can be seen to around 0.9680 area, where we will look for signs of a bullish turn.

USD/CHF, 1-hour

About the Author

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: