The pair USD/CHF is likely to fall in price. Estimated pivot point is at a level of 1.0127.

Main scenario: short positions will be relevant below the level of  1.0127 with a target of 0.9859 – 0.9724.

Alternative scenario:breakout and consolidation above the level of 1.0127 will allow the pair to continue rising to a level of 1.0238.

Analysis: The first wave of senior level 1 of (3) has been formed on the daily time-frame and the downward correction 2 of (3) is developing now. On the H4 time frame, the wave  A of (2) has formed and presumably the local ascending correction of junior level B of (2) finished developing in the form of a zigzag. Apparently, the wave C of (2) begins developing on the 1H time frame. If the presumption is correct, the pair may be expected to fall to the levels of  0.9859 – 0.9724. The level  1.0127 is critical in this scenario.

USD/CHF: волновой анализ и прогноз на 16.11.18 - 23.11.18

USD/CHF: волновой анализ и прогноз на 16.11.18 - 23.11.18

USD/CHF: волновой анализ и прогноз на 16.11.18 - 23.11.18

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Price chart of USDCHF in real time mode

USD/CHF: Wave analysis and forecast for 16/11/2018 – 23/11/2018

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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