In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of CHFJPY. In which, the rally from 14 December 2023 low unfolded as an impulse sequence and called for an extension higher to take place. Therefore, we knew that the structure in CHFJPY should remain supported & extend […]
The post CHFJPY Perfectly Reacting Higher From Blue Box Area appeared first on Action Forex.
Daily Pivots: (S1) 0.7867; (P) 0.7903; (R1) 0.7967; More…. USD/CHF’s rise from 0.7603 resumed by breaking through 0.7921 temporary top. Intraday bias is back on the upside. The current rally is seen as correcting whole Read more…
Risk aversion deepened across global markets as the combination of escalating energy conflict and a more inflation-focused Federal Reserve weighed on sentiment. While the initial selloff in US equities overnight was triggered by a sharp Read more…
Three major central bank decisions are due, with Swiss National Bank, Bank of England, and European Central Bank all widely expected to leave policy unchanged. Markets are therefore less focused on the decisions themselves and Read more…