Estimated pivot point is at the level of 0.9987.

Our opinion: Sell the pair after the breakdown below the level of 0.9987 with the target of 0.98 – 0.9540.

Alternative scenario: Breakout and consolidation of the price below the level of 0.9987 will trigger further decline to 0.98 – 0.9540.

Analysis: Presumably, the formation of the upward correction as the second wave of the senior level is nearing completion. Locally it seems that upward impetus as the wave c of 2 is being formed, within which the final fifth wave (v) is developing. If this assumption is correct, the pair will continue to rise up to 1.0132 in the short-term. Critical level for this scenario is 0.9987.

USD/CHF H1

USD/CHF H4




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