The pair is expected to grow.

Supposedly, the third wave of the senior level iii is forming, within which an initial impetus (i) of iii of 3 and the correction (ii) of iii are formed. If the assumption is correct, the development of the third wave (iii) of iii has started. A critical point in this scenario is the second wave ending level (ii) at 0.9238.

Trading tips

Open long positions from above 0.9238 with the target at 0.9840.

Alternative scenario

The breakdown and consolidation below 0.9238 allows the pair to continue falling towards 0.9100-0.9000.

USD/CHF: wave analysis

USD/CHF: wave analysis

The material published on this page is produced by LiteForex and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Follow us in social networks!
Live Chat
Leave feedback