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29.12.201711:20 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair for December 28, 2017

Long-term review

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Analysis of wave counting:

In general, it is expected during the yesterday's trading for the USD/CHF pair to continue its slow development of the downward movement and losing about 40 pp. At the end of the day, it reached the level of 0.9860. The wave situation below suggests that the pair attempted to move in wave formation step e, in b, in c, in a and in C. If this is so, the currency pair can continue the decline started yesterday to the area of the mark of 0.9830 or even to the level of the 98th figure before the future wave c, in c, in a, and in c begin.

Goals for the option with an upward wave:

1.0004 - 127.2% Fibonacci retracement

1.0050 - 161.8% by Fibonacci

Targets for a downlink wave option:

0.9801 - 38.2% Fibonacci retracement

General conclusions and trading recommendations:

The currency pair continues to build an upward set of waves. The assumed wave b, in c, in a, and in C resumed its construction with targets located near the estimated mark of 0.9801, which corresponds to 38.2% of Fibonacci. After its completion, it is expected that the quotes will resume rising with targets above the par value.

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