Ascending trend for the USD/CHF price continues. Estimated pivot point is at a level of 0.9945.

Main scenario: long positions will be relevant from corrections above the level of 0.9945 with a target of 1.0100 – 1.0190.

Alternative scenario: breakout and USD/CHF price consolidation below the level of 0.9852 will make USD/CHF rate continue declining towards the rage of 0.9819 – 0.9745.

Analysis: Supposedly, an ascending momentum continues to form as the first wave of senior level 1 of (3) in the daily USD/CHF price chart. The fifth wave v of 1 is developing in the 4-hour timeframe. Apparently, the third wave of junior level (iii) of v continues forming in the 1H timeframe, with an emerging ascending momentum inside. If the presumption is correct, the USD/CHF rate will continue rising to levels 1.0100 – 1.0190. The level 0.9945 is critical in this scenario.

USD/CHF: волновой анализ и прогноз на 13.07.18 - 20.07.18

USD/CHF: волновой анализ и прогноз на 13.07.18 - 20.07.18

USD/CHF: волновой анализ и прогноз на 13.07.18 - 20.07.18

USD/CHF: wave analysis and forecast for 13/07/2018 – 20/07/2018

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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