The pair USD/CHF is still likely to fall. Estimated pivot point is at a level of 0.9777.

short positions will be relevant from corrections below the level of 0.9777 with a target of 0.9640 – 0.9600.

Alternative scenario: Breakdown and consolidation above the level of 0.9777 will allow the pair to continue the rise up to the levels of 0.9847 – 0.9863.

Analysis: Supposedly, an ascending impetus finished forming as the first wave of senior level 1 of (3) within the daily time frame. A downward correction is forming as the wave 2 of (3) on the 4-hour timeframe. Apparently, a downward impetus is developing as the wave c of 2 with the wave (iii) of c nearing completion within on the 1-hour timeframe. If the presumption is correct, the pair will continue to drop to the levels 0.9640 – 0.9600 after the correction (iv) of c is completed. The level 0.9777 is critical in this scenario.

USD/CHF: волновой анализ и прогноз на 31.08.18 - 07.09.18

USD/CHF: волновой анализ и прогноз на 31.08.18 - 07.09.18

USD/CHF: волновой анализ и прогноз на 31.08.18 - 07.09.18

Price chart of USDCHF in real time mode

USD/CHF: Wave analysis and forecast for 31/08/2018 – 07/09/2018

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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