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2022-05-18 02:00:00
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Gold Price Technical Outlook: Gold Bear Market Bounce? XAU/USD Levels
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British Pound Latest: UK Inflation Hits a 40-Year High, GBP/USD Slides
2022-05-18 08:00:00
EURUSD Reverses on Critical Support as Dollar Slides but USDJPY Stays Execution
2022-05-18 02:00:00
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USD/JPY Outlook: Rates and Growth Differentials Take a Back Seat for now
2022-05-18 09:30:00
Nasdaq 100 Skips Up Despite Fed Chair Powell’s Red-Hot Hawkishness. Where To for Tech Stocks?
2022-05-18 05:00:00
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Swiss Franc Target at 9065

Swiss Franc Target at 9065

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

eliottWaves_usd-chf_body_usdchf.png, Swiss Franc Target at 9065

Prepared by Jamie Saettele, CMT

“Expectations are for the USDCHF decline from the 2/6 high to complete 5 waves down. So far, there are only 3 waves down from 9263…the next level of interest on the downside is 9065.” Wednesday was marked by consolidation, which probably composes corrective wave 4. Expect a new low in wave 5 (watch 9065).

Bottom Line – flat

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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