Bulls Are Being #Franc, Pushing Back In Earnest $CHF $USD #forex

Friends,

As with the recent AUDCHF trade released (see it in linked "related ideas"), this Swissy is showing some bullish impetus.

Predictive/forecasting Model eyes the following TWO nominal targets:

1 - TG-Hi = 0.94292 - 21 JAN 2015

and

2 - TG-Hix = 0.99346 - 21 JAN 2015


The Elliott Wave construct which characterized the recent bearish swing is likely to reiterate an equal, but opposite anatomy following a simple consolidation at the recent nadir, thus suggesting either the precocious rise of a large consolidation towards these loftier targets.

For now, Model favors a rallying.

A failure to rally should prompt our attention to higher timeframes, and look for declines to lower lows. However, for the time being, I would set eyes on 0.91299 as the next probable level of R/S corresponding to former bearish 4th wave termination level.

In contrast, a break of 0.88351 should guard us against any further bullish in-roads, and instead prompt us to consider 0.84977 as the bearish signal commitment. In which case, I would abandon this chart entirely.

Thank you for your continued readership and kind support,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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