AB=CD

Broken out of the channel formation to the downside. A flag formation target would take the pair to 1.1165. The trend of lower lows, and the possible base of an Ending Wedge formation (bullish) is seen at 1.1225. Read More

The move higher is mixed and volatile, common in corrective sequences A possible AB=CD formation looks to target 0.9137 Read More

Looks to be forming a bearish Head and Shoulder pattern. This could also be seen as an AB=CD corrective sequence. There is cope for mild buying at the open, but gains should be limited. Bespoke resistance is seen close to 81.90 Read More

Yesterdays price action posted a bearish Outside Day, often an indication that a top is in place. A full AB=CD corrective formation would take the pair to 1.1240. Read More

We are now assessed as being within the corrective formation lower. Bespoke support is located at 0.7198. With the USD Index upside move near exhaustion, we look for mild dip to now find buyers Read More

Moving lower in a corrective formation. A full AB=CD pattern takes the pair to 1.2884. This is just below the 61.8% pullback level of 1.2905 (from 1.2662-1.3298). DeMark has posted a correction count on the daily chart Read More

Monthly: For the last 86 months USDCHF has held within a bullish channel formation. Level close to 1.0340 continue to cap buying.  A full AB=CD formation would the the pair to 1.1450. The psychological 1.0000 (Big Figure) continues to be… Read More

Looks be forming a bullish Ending Wedge formation. Bespoke resistance is located at the trend of lower highs at 1.1585. We expect strong resistance here. A break of this level and the wedge has a measured move of 1.1714 Read More

We look for a bearish 5 wave Elliott wave count to be completed at 1.3668. Immediate price action to the upside has been mixed and volatile, common in corrective formations Read More

We have broken the Ending Wedge formation to the upside. Reverse trend line support is located at 1.3095. The measured move target for the wedge is 1.3440. Bespoke resistance is located at 1.3440 Read More