Sentiment Table:
USDCHF - Elliott Wave Analysis
Wednesday, March 6, 2013
#USDCHF: Minor Pull-back Within Uptrend
USDCHF accelerated higher at the end of the last week slightly through the upper channel resistance line which is a bullish signal for the pair. As such, we are now observing a new wave count with possible impulsive rally underway to 0.9500 area while 0.9335 is not breached. Notice that current pull-back from the latest high is quite slow which is usually an important sign for a corrective price action. As such this pull-back could represent wave 4 in the middle of ongoing wave 3) that could reach 261.8% extension level of wave 2).
Sentiment Table:
USDCHF - Elliott Wave Analysis
Sentiment Table:
USDCHF - Elliott Wave Analysis
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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EURUSD reversed sharply lower yesterday from 1.3200, clearly in impulsive fashion beneath rising trend-line from 1.2745 and as well as ... -
Pivot: 109.40 Our preference: LONG positions above 109.4 with targets @ 111.3 & 112.2. Alternative scenario: The downside penetration of...
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Pivot: 0.935 Our preference: Long positions above 0.935 with targets @ 0.94 & 0.942 in extension. Alternative scenario: Below 0.935 l...
