Thu, Jan 29, 2026 09:14 GMT
More
    HomeContributorsTechnical AnalysisSharp Drop on USD/CHF Can Be Positive for Gold

    Sharp Drop on USD/CHF Can Be Positive for Gold

    An ending diagonal is a special type of pattern that occurs at the end of the trend. Normally it causes a sharp reversal as it happened recently on USDCHF . The question is where we go from here? Well, we have five waves down on Swissy which means more downside is possible after a three waves up. And if that would be the case then Gold can rally further based on strong correlation between CHF and GOLD .

    You are currently viewing a placeholder content from Default. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.

    More Information

     

    Elliott Wave Financial Service
    Elliott Wave Financial Servicehttp://www.ew-forecast.com/
    Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

    Latest Analysis

    Learn Forex Trading