23.11.201702:43 Forex Analysis & Reviews: Wave analysis of the USD/CHF currency pair for November 22, 2017

Analysis of wave counting:

In the middle of yesterday's trading, the USD/CHF pair started a slow decline and from the 0.9945 mark in the afternoon returned to the level of the 99th figure. At the same time, it can be assumed that the currency pair remained in the stage of formation of the first generating waves in the composition of the future 5th wave, in a, in C. If this is the case a decrease in quotes to 0.9850 or 0.9800, will not further complicate the internal wave structure of the 4th wave, in a, in C, then it may have good prospects for resuming the upward movement towards the highs reached at the beginning of the month.

Targets for an upward wave option:

1.0080 - 1.0100

Targets for a downward wave option:

0.9851 - 61.8% by Fibonacci

0.9807 - 76.4% by Fibonacci

General conclusions and trading recommendations:

The construction of an upward set of waves continues. Presumably, the construction of wave 5, in C, began, which can take a rather complex and extended form, with targets above 101 figures. Wave 4, most likely, completed its construction near the estimated mark of 0.9851, which is equivalent to 61.8% of Fibonacci.