A fall possibility remains.

An upward correction in wave ii of C has formed, within which a double zigzag (w)(x)(y) developed. Locally, the third wave iii of C seems to have started, within which the first wave of the junior level (i) has formed. If the assumption is correct, the pair continues falling towards 0.9500 after the local correction (ii) ends. Critical for this scenario is the level of 1.0255.

Trading tips

Sell the pair below the level of 1.0255 with the target at 0.9500.

Alternative scenario

The breakout and consolidation above the level of 1.0255 would allow the pair to grow to 1.0400, 1.0500.

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.



Follow us in social networks!
Live Chat
Leave feedback