An upward trend is close to an end. A fall is expected.

On the daily chart, the pair is still forming a long-term correction within wave 2. Currently, resumed growth in the pair seems to be the ending wave (c) within wxy in wave B of 2 of the senior level. If the assumption is correct, the pair begins falling towards 0.9500 within wave C of 2 after breaking down the level of 0.9813.

Trading tips

Sell the pair below the level of 0.9813 with the target at 0.9500.

Alternative scenario

The pair continues growing towards 1.0000 within wave B.

USD/CHF: wave analysis

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