Elliott Wave Analysis: USD/CHF In A Bear Trend

 | Jul 31, 2020 05:21AM ET

USD/CHF is declining sharply, following a three-wave A)-B)-C) correction within a wave 4. We are now observing a five-wave decline underway within a wave 5, where price is trading in final stages of an extended sub-wave 3). More weakness is expected on this pair, however after temporary pullbacks; wave 4).