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Market Analysis

Home » Technical Analysis » CHFJPY Towards New Bearish Cycle: Elliott Wave

CHFJPY Towards New Bearish Cycle: Elliott Wave

Posted by ewforecast in Technical Analysis - May 21st, 2015 1:00 pm GMT


CHFJPY Weekly Elliott Wave Analysis

CHFJPY has been bullish for the last two years as we see on the Weekly chart, but that is likely already over as A-B-C correction is already unfolding. The first wave A has already made 5 waves down, which confirms a new bearish cycle, that said be aware of more weakness after current wave B that is approaching resistance level.

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