USDCHF - Elliot wave analysis - Full + target
USDCHF currency is on downmove from two decades. from 2-10-2010, it is making lower lows.
From 1.83189 = ((0)), it made a all time low at ((I)) = 0.70830.
The elliot wave grand cycle ((I)) has used long time cycle.
Then the retracement up has started and possibly made the grand cycle (II)) which has nearly used 1/2 time cycle of ((I)).
The (II) position looks proper as it has made a descending triangle and also a descending triangle on wave 4 of lower degree.
From ((II)), it looks the grand cycle ((III)) should start with a correction up and then finally moving down.
Made a T1 = 1.17244 and then lower degree wave 5 may appear at 1.19119. IF it corrects more up then it should reach maximum 1.32435.
From 1.83189 = ((0)), it made a all time low at ((I)) = 0.70830.
The elliot wave grand cycle ((I)) has used long time cycle.
Then the retracement up has started and possibly made the grand cycle (II)) which has nearly used 1/2 time cycle of ((I)).
The (II) position looks proper as it has made a descending triangle and also a descending triangle on wave 4 of lower degree.
From ((II)), it looks the grand cycle ((III)) should start with a correction up and then finally moving down.
Made a T1 = 1.17244 and then lower degree wave 5 may appear at 1.19119. IF it corrects more up then it should reach maximum 1.32435.