A decline is expected.

Assumingly, wave C within the second wave 2 of the senior level continues forming. At present, a starting wave i of (iii) seems to have formed and correction ii has, presumably, finished. If the assumption is correct, the price continues declining to 0.9400-0.9500. A critical for this scenario is the level of 0.9900.

Trading tips

Sell the pair after the breakdown of the level of 0.9665 with the target at 0.9400-0.9500.

Alternative scenario

The breakout and consolidation above the level of 0.9900 would allow the pair to grow further 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