10.01.201809:54 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair for January 10, 2018

Analysis of wave counting:

In general, it is expected that during the yesterday's trading, the pair USD / CHF was able to resume the upward movement, having added about 70 pp in price and fulfilled the mark of 0.9840. At the same time, it can be assumed that as a result of this price increase, the currency pair completed the formation of the 1st wave, in the future wave c, a, C. If this is so, then from the high of the past day, the currency pair may begin a corrective decline in quotations as minimum to the level of 0.9750. At the same time, the probability of a downward movement in the direction of the 0.9655 mark with the prospect of further complicating the internal wave structure of the wave c, b, a, C continues to be relevant.

Targets for the upward wave option:

1.0004 - 127.2% of Fibonacci

1.0050 - 161.8% of Fibonacci

Targets for the downward wave option:

0.9656 - 61.8% of Fibonacci

0.9600

General conclusions and trading recommendations:

The currency pair continues to build an upward set of waves. The assumed wave b, a, C has completed its construction. If this assumption is correct, then now it is expected to continue raising quotations with targets that are above the price parity within wave c, a, C. The divergence of MACD warns of the willingness of the instrument to reduce quotations within the correctional wave.