The pair USD/CHF is expected to grow. Estimated pivot point is at a level of  0.9749.

Main scenario: long positions will be relevant above the level of 0.9749 with a target of  0.9985 – 1.0057.

Alternative scenario:breakout and consolidation below the level of 0.9749 will allow the pair to continue declining to the levels at 0.9668 – 0.9432.

Analysis: Supposedly, an ascending impetus continues to form as the first wave of senior level 1 of (3) within the daily time frame. Apparently, a downward correction iv of 1 finishes forming now, with the wave (c) of iv formed within. If the presumption is correct, the pair will logically rise to the  levels 0.9985 – 1.0057. The level  0.9749 is critical in this scenario.

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Price chart of USDCHF in real time mode

USD/CHF: Wave analysis and forecast for 08/06/2018 – 15/06/2018

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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