The pair USD/CHF is still likely to fall. Estimated pivot point is at a level of 1.0017.

Main scenario: short positions will be relevant below the level of 1.0017 with a target of 0.9859 – 0.9724.

Alternative scenario: breakout and consolidation above the level of 1.0017 will allow the pair to continue rising to a level of 1.0086.

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 H4 timeframe, presumably the local ascending correction of junior level B of (2) has finished in the form of a zigzag and the wave С of (2) has started developing. Apparently, the first wave i of C is forming now as an impetus on H1 time frame, with the wave (v) of i developing within. If the presumption is correct, the pair will continue to drop to the levels 0.9859 – 0.9724. The level 1.0017 is critical in this scenario.

USD/CHF: Wave analysis and forecast for 30/11/2018 – 07/12/2018

USD/CHF: Wave analysis and forecast for 30/11/2018 – 07/12/2018

USD/CHF: Wave analysis and forecast for 30/11/2018 – 07/12/2018


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Price chart of USDCHF in real time mode

USD/CHF: Wave analysis and forecast for 30/11/2018 – 07/12/2018

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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