A downward trend is strong. Locally, the pair is in a correction.

Assumingly, a downward impulse within the third wave iii of C continues forming. Locally, the first wave of the junior level (i) of iii seems to have finished and the upward correction in wave (ii) shaped as a zigzag is developing. If the assumption is correct, the pair will continue falling towards 0.9500 after the correction ends. Critical for this scenario is the level of 1.0254.

Trading tips

Wait for the correction to end and sell the pair below the level of 1.0254 with the target at 0.9500.

Alternative scenario

The breakout and consolidation above the level of 1.0254 would allow the pair to grow to 1.0500.

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