The upward trend is strong.

The third wave of senior level 3 continues forming within which the development of the third wave of the junior level iii of 3 seems to be finishing. Locally, assumingly, an upward impetus within the fifth wave (v) of iii is forming. If the assumption is correct, the pair will continue growing to 0.9870. The critical for this scenario is the level of 0.9540.

Trading tips

Short-term: buy the pair above 0.9747, with the target at 0.9872.

Alternative scenario

The breakdown and consolidation below 0.9747 would allow the pair to continue falling towards 0.9540.

USD/CHF: wave analysis

USD/CHF: wave analysis

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