News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Swiss Pivot at 9263

Swiss Pivot at 9263

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

eliottWaves_usd-chf_body_usdchf.png, Swiss Pivot at 9263

Prepared by Jamie Saettele, CMT

“Expectations are for the USDCHF decline from the 2/6 high to complete 5 waves down.” The USDCHF fell to a new low in order to satisfy 5 waves from the 2/6 high on Friday. It is also possible that 5 waves are complete from the January high. The move off of the low is so far corrective and even a pop above 9200 would still fall within the confines of a correction. As such, 9263 is the pivot (below is bearish and above is bullish).

Bottom Line – flat

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

DISCLOSURES