FX.co ★ blaise.rogahn | USD/CHF

Hello traders, Main scenario: Ascending diagonal triangle on USD/CHF. In the foreign exchange market USD/CHF, on the H4 chart, a comprehensive multi-timeframe analysis indicates the formation of an ascending diagonal triangle. The analysis includes Elliott Wave Theory (EWA), readings of the MACD histogram, and the positioning of exponential moving averages (55, 89, 144). If the critical level of 0.8044 is maintained, a significant downward correction is expected within the framework of the second wave . Most likely, this will be reflected in the MACD Daily histogram in the negative zone.