USD/CHF: Elliott wave analysis and forecast for 25.07.25 – 01.08.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider short positions from corrections below the level of 0.8062 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8062. Stop Loss: above 0.8100, Take Profit: 0.7700 – 0.7500.
- Alternative scenario: Breakout and consolidation above the level of 0.8062 will allow the pair to continue rising to the levels of 0.8470 – 0.8857. A buy signal: the level of 0.8062 is broken to the upside. Stop Loss: below 0.8025, Take Profit: 0.8470 – 0.8857.
Main scenario
Consider short positions from corrections below the level of 0.8062 with a target of 0.7700 – 0.7500.
Alternative scenario
Breakout and consolidation above the level of 0.8062 will allow the pair to continue rising to the levels of 0.8470 – 0.8857.
Analysis
The bearish fifth wave of larger degree 5 is developing on the weekly chart, with wave (5) of 5 forming as its part. Apparently, a bullish correction has finished developing as the second wave 2 of (5) on the daily chart, and the third wave 3 of (5) continues to form. On the H4 timeframe, the fifth wave of smaller degree — wave v of 3 — is in progress. Within this structure, wave (iii) of v has formed, a local correction is completed as wave (iv) of v, and wave (v) of v is unfolding. If the presumption is correct, USD/CHF will continue to drop to the levels of 0.7700 – 0.7500. The level of 0.8062 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels of 0.8470 – 0.8857.
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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