• About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
Top News

Has Meta (Facebook) stock seen the bottom

March 21, 2022

What Is The Nearest Technical Support For Meta (NASDAQ: FB)

February 7, 2022

Using Elliott Waves to Capture a Trade in S&P500

January 27, 2022
Facebook Twitter Instagram
Facebook Twitter Instagram
WaveTimes Blog WaveTimes Blog
Wave times
  • About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
WaveTimes Blog WaveTimes Blog
Home » Counting Elliot Waves in USD/CHF
Chf

Counting Elliot Waves in USD/CHF

RamkiBy RamkiNovember 23, 20084 Comments1 Min Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Email

A reader has asked about a possible fifth wave extension in USD/CHF. (refer comment by Dolphin). We are currently trading at 1.2217. I see some solid supports at 1.2000 levels and tehn some more at 1.1850 levels just now. These supports could only move higher as we stay better bid on the dollar. I strongly recommend that we should look at the bigger picture first in order to get a sense of how high a rally could go, (or how deep a decline) and then figure out how to count the waves. Of course, the end result of all our counting should be to initiate profitable low risk trading ideas, which we should execute, at least with a small position. Otherwise, we will end up as mere arm-chair analysts! Anyway, here is the monthly chart of the USD/CHF and I am already making the sin of looking only at the last 5-wave decline !! Still, that gives us an idea of how high the correction could go. Enjoy!  Ramki

Fifth wave extensions USDCHF trading
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleFifth wave extensions can make you rich!
Next Article Elliot Wave Analysis of BHP Australia
Ramki
  • Website

Related Posts

Elliott Wave Analysis of USD/CHF (Swiss Franc)

September 3, 2012

Elliott Wave Analysis of Deutsche Bank

December 13, 2011

USD-CHF outlook

August 3, 2011
View 4 Comments

4 Comments

  1. dolphin on December 3, 2008 11:59 pm

    hi ramki,
    thanks for your analysis and sharing your valuable knowlegde with us !
    just a question related to extended 5 wave – i have a look on the pair GBP/JPY (monthly chart) and observe that from june 2007, the pair is making clear elliot wave with very extended 5 wave – from july 2008 ! we need to expect a reaction / retracement up to the 4 wave , which is in the range of 200 !!! the present downtrend, look like loose a strenght and there is also a bullish divergence but with present price of 137-138, and the weak GBP, do you think that this is possible?
    thanks and brgds

    Reply
  2. Ramki on December 4, 2008 8:57 am

    Hello Dolphin,
    I think your question is better addressed with a chart. This will appear later today. Thanks for your comments.

    Reply
  3. luca on September 16, 2009 3:38 am

    hihi Dot. RAMKI,
    can you give us some idea on USD/CHF??? pls
    tkx vm indeed
    luca

    Reply
    • Ramki on September 16, 2009 5:58 am

      Hello Luca,
      Don’t try buying USD/CHF yet. I see some good resistance at 1.0425 and 1.0525. Think we are likely to see a move towards 1.0220 in the not too distant future. Good luck!

      Reply

Leave A Reply Cancel Reply

Recent Posts
  • Has Meta (Facebook) stock seen the bottom
  • What Is The Nearest Technical Support For Meta (NASDAQ: FB)
  • Using Elliott Waves to Capture a Trade in S&P500
  • Hedge Funds and Elliott Waves – Netflix $NFLX
  • When Elliott Waves applauds the promoter’s signals!

WaveTimes is a Research Organization dedicated to providing original analysis, reports, reviews, and insights on developments in mutual funds, stocks, investing, foreign exchange, commodities, and bonds.

Contact WaveTimes

L-601 Mantri Espana,

Kariyammana Agrahara, Bellandur, Bangalore 560103

Follow Us

  • Facebook
  • YouTube
  • Twitter

© 2022 Wave Times. All Rights Reserved.
  • About
  • Books
  • Privacy Policy
  • Policies and Standards

Type above and press Enter to search. Press Esc to cancel.