USDCHF: Elliott wave analysis and forecast for 24.03.2023 – 31.03.2023
Main scenario: consider long positions from corrections above the level of 0.9070 with a target of 0.9612 – 0.9810. Alternative scenario: breakout and consolidation below the level of 0.9070 will allow the pair to continue declining to the levels of 0.8950 – 0.8850. Analysis: a bullish third wave of larger degree (3) is developing on the daily chart, with wave 1 of (3) formed inside. A downside correction is presumably completed as wave 2 of (3) on the H4 chart. The third wave 3 of (3) started unfolding, with the first wave of smaller degree i of 3 forming as... Read full author’s opinion and review in blog of #LiteFinance
Main scenario: consider long positions from corrections above the level of 0.9070 with a target of 0.9612 – 0.9810.
Alternative scenario: breakout and consolidation below the level of 0.9070 will allow the pair to continue declining to the levels of 0.8950 – 0.8850.
Analysis: a bullish third wave of larger degree (3) is developing on the daily chart, with wave 1 of (3) formed inside. A downside correction is presumably completed as wave 2 of (3) on the H4 chart. The third wave 3 of (3) started unfolding, with the first wave of smaller degree i of 3 forming as... Read full author’s opinion and review in blog of #LiteFinance
