Ascending trend for the pair USD/CHF continues. Estimated pivot point is at a level of 0.9824.

Main scenario: long positions will be relevant from corrections above the level of 0.9824 with a target of 1.0057.

Alternative scenario: breakout and consolidation below the level of 0.9824 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, the downward correction iv of 1 has finished locally and the wave v of 1 has started forming. If the presumption is correct, the pair will logically continue to rise to a level of 1.0057. The level 0.9824 is critical in this scenario.

USD/CHF: Wave analysis and forecast for 15/06/2018 – 22/06/2018

USD/CHF: Wave analysis and forecast for 15/06/2018 – 22/06/2018

USD/CHF: Wave analysis and forecast for 15/06/2018 – 22/06/2018


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Price chart of USDCHF in real time mode

USD/CHF: Wave analysis and forecast for 15/06/2018 – 22/06/2018

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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