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




Materials published on this page are provided by LiteForex for informational purposes only and should not be construed as investment advice or advice for the purposes of 2004/39/EC Directive. In addition, these materials have not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the further distribution of investment research.



Follow us in social networks!
Live Chat
Leave feedback