USD/CHF Bullish Waves Now Targeting Parity

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Usd/Chf is trading higher for few weeks now, which is nice after we called end of a correction at 0.8557, where could be a low of a wave II as labeled on the chart!

Well, if thats the case, then we know that pair is now trading at the start of black wave III, which is normally one of the strongest and longest waves in impulsive sequence.

But before that very aggressive bullish call can be confirmed we need appropriate price action, which means we need to see a decisive break of 0.9313 region with similar price personality like we saw in August and September! In such case our minimum upward objective will be parity!

USD CHF Elliott Wave Technical November 28 2011

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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