The pair is in a correction.

Assumingly, the third wave of the junior level iii of 3 has finished developing. Locally, a correction as the fourth wave to the levels of 0.9600-0.9540 seems to be forming, within which a starting impetus (a) has formed. If the assumption is correct, after the small correction (b) it is logical to expect the pair to continue falling. A critical for this scenario is the level of the local high 0.9900.

Trading tips

Sell the couple from corrections, below 0.9900, with the target at 0.9600-0.9540.

Alternative scenario

The breakout and consolidation above 0.9900 will allow the pair to continue growing to 1.0000.

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.



!-- Go to www.addthis.com/dashboard to customize your tools -->