FX.co ★ blaise.rogahn | USD/CHF

USD/CHF market overview on the M4 micro-level. In the USD/CHF currency market, on the M4 chart micro-level, Friday's growth formed an impulse of the third wave (3). This is likely part of the first upward wave in a larger structure. A comprehensive analysis, taking into account Elliott wave theory, the MACD indicator, and exponential moving averages (55, 89, 144), as well as possible models of technical and wave analysis, indicates an expected downward correction in the fourth wave (4). Following this, a final rise is forecasted in the fifth wave (5), completing wave . The critical support level is 0.78970.