• CHFJPY rising inside wave (ii)
• Likely to rise to 115.00
CHFJPY continues to rise inside the short-term corrective wave (ii), which started earlier from the pivotal support level 113.20 (monthly low from July), intersecting with the lower daily Bollinger Band and 50% Fibonacci correction of the uptrend from May.
The active wave (ii) belongs to the C-wave of the medium-term downward ABC correction (2) from the end of August.
CHFJPY is likely to rise further toward the next resistance level 115.00 (former powerful support from August and the start of September).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies