Ascending trend for the pair USD/CHF continues. Estimated pivot point is at a level of 0.9853.

Main scenario: long positions will be relevant from corrections above the level of 0.9853 with a target of 1.0057 – 1.0190.

Alternative scenario: breakout and consolidation below the level of 0.9853 will allow the pair to continue declining to the levels at 0.9745 – 0.9668.

Analysis: Supposedly, an ascending impetus continues to form as the first wave of senior level 1 of (3) within the daily time frame. A downward correction in the form of wave iv of 1 has finished in the 4-hour time frame and the wave v of 1 has started forming. Apparently, a downward correction in the form of the wave (ii) of v has finished in the 1-hour time frame, and the third wave (iii) of v is developing at the moment. If the presumption is correct, the pair will continue to rise to levels 1.0057 – 1.0190. The level 0.9853 is critical in this scenario.

USD/CHF: Wave analysis and forecast for 29/06/2018 – 06/07/2018

USD/CHF: Wave analysis and forecast for 29/06/2018 – 06/07/2018

USD/CHF: Wave analysis and forecast for 29/06/2018 – 06/07/2018


P.S. Did you like my article? Share it in social networks: it will be the best “thank you" :)

Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

  • I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex

Price chart of USDCHF in real time mode

USD/CHF: Wave analysis and forecast for 29/06/2018 – 06/07/2018

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.

Need to ask the author a question? Please, use the Comments section below. .
Start Trading
Follow us in social networks!
Live Chat
Leave feedback