{"id":49571,"date":"2014-04-09T09:00:10","date_gmt":"2014-04-09T13:00:10","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=49571"},"modified":"2014-04-09T09:00:10","modified_gmt":"2014-04-09T13:00:10","slug":"usdchf-elliott-wave-analysis-bearish-wave-action","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/04\/09\/usdchf-elliott-wave-analysis-bearish-wave-action\/","title":{"rendered":"USDCHF Elliott Wave Analysis: Bearish Wave In Action"},"content":{"rendered":"

USDCHF fell to a new low of the year in February so market remains in bearish mode as long as 0.9080 swing high is not breached; but the question is for how long. We are looking at an ending diagonal in wave C that suggests a coming bullish reversal sometime this year, most likely in the second part of 2014. On the chart we are tracking wave (5), final leg in the pattern that may find a support at 0.8450-0.8550 area. A rise back above 0.9080 would suggest a bullish turning point.<\/p>\n

USDCHF Daily Elliott Wave Analysis<\/p>\n

\"\"<\/p>\n

USDCHF Four Hour<\/p>\n

USDCHF has turned nicely to the downside since Friday, clearly in impulsive manner. Notice that market also retraced back to the area of wave B swing low after a broken support line of an upward channel. That’s a very strong and important evidence for a trend change, thus it suggests that top has been formed at 0.8951 and that market will continue to the downside after any short-term corrective bounce. Ideally we will see a wave 2 retracement back to 0.8870\/90 where broken support line may not become a resistance.<\/p>\n

USDCHF 4h Elliott Wave Analysis<\/p>\n

\"\"<\/p>\n

Do you like our analysis? Try 1 month of full service just for 1\u20ac >> Click Here<\/a><\/p>\n

Invitation: Free Elliott Wave Live Analysis Webinar | Friday, March 11 2014 12:00 GMT | Register Here<\/a>
\n<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

USDCHF fell to a new low of the year in February so market remains in bearish mode as long as 0.9080 swing high is not breached; but the question is for how long. We are looking at an ending diagonal in wave C that suggests a coming bullish reversal sometime this year, most likely in … <\/p>\n

Continue reading “USDCHF Elliott Wave Analysis: Bearish Wave In Action”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-49571","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/49571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=49571"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/49571\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=49571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=49571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=49571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}