USD/CHF: Elliott wave analysis and forecast for 22.08.25 – 29.08.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider long positions from corrections above the level of 0.8025 with a target of 0.8400 – 0.8550. A buy signal: the price holds above 0.8025. Stop Loss: below 0.7960, Take Profit: 0.8400 – 0.8550.
- Alternative scenario: Breakout and consolidation below the level of 0.8025 will allow the pair to continue declining to the levels of 0.7865 – 0.7700. A sell signal: the level of 0.8025 is broken to the downside. Stop Loss: above 0.8080, Take Profit: 0.7865 – 0.7700.
Main Scenario
Consider long positions from corrections above the level of 0.8025 with a target of 0.8400 – 0.8550.
Alternative Scenario
Breakout and consolidation below the level of 0.8025 will allow the pair to continue declining to the levels 0.7865 – 0.7700.
Analysis
A bearish fifth wave of larger degree 5 is developing on the weekly chart, with wave (5) of 5 forming as its part. Apparently, the third wave 3 of (5) is formed on the daily chart, and an upward correction has started developing as the fourth wave 4 of (5). Apparently, wave a of 4 continues developing on the H4 time frame. Within it, a local corrective wave (ii) of a is completed and wave (iii) of a is unfolding. If the presumption is correct, USD/CHF will continue to rise to the levels of 0.8400 – 0.8550. The level of 0.8025 is critical in this scenario. Its breakout will allow the pair to continue falling to the levels of 0.7865 – 0.7700.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of USDCHF in real time mode
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