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GBP/CHF like the most swiss pairs have been going nowhere since SNB step into the market we have been stuck into a big range. We have establish the range between 1.5480 high and 1.3800 low, an 680 pips range. we can been seen that for the most part we have been staying at the lower level of this range comparing it with the times we have visited the high of the range. From figure 1 it can been seen that based on Elliott Wave we have are in the last stage of this range as soon we'll complete a fiv…
Блог Daytrader21
AUD/CHF Poised For Further Consolidation.
AUD/CHF has witnessed a strong downtrend since the beginning of the year which is taking form of an five wave decline as seen in Figure 1. We are in the final stage before the five wave cycle is completed. Currently the wave 4 is developing in a double zig-zag pattern. Which means that AUD/CHF is poised for further consolidation until the downwards momentum start to pick up. In order for AUD/CHF to gain downward traction, we need to see a meaningful shift in AUD sentiment. There’s a strong possi…