USDCHF: Elliott wave evaluation and forecast for twenty-four.06.22 – 01.07.22


Fundamental situation: contemplate lengthy positions above the extent of 0.9502 with a goal of 1.0200 – 1.0400 as soon as a correction fashioned.

Various situation: breakout and consolidation under the extent of 0.9502 will permit the pair to proceed declining to the degrees of 0.9194 – 0.9088.

Evaluation: the third wave of bigger diploma (3) is growing on the every day chart, with wave 3 of (3) forming as its half. The third wave of smaller diploma iii of three presumably completed forming, and an area correction is growing because the fourth wave iv of three on the H4 chart. Wave (а) of iv seems to be accomplished on the H1 chart. If the presumption is appropriate, the pair will proceed to rise to the degrees of 1.0200 – 1.0400 after the corrective wave iv of three is accomplished. The extent of 0.9502 is essential on this situation. Its breakout will permit the pair to proceed falling to the degrees of 0.9194 – 0.9088.

Value chart of USDCHF in actual time mode

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