23.01.201810:24 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair for January 23, 2018

Analysis of wave counting:

The low activity of yesterday's trading did not allow the pair USD / CHF to determine the direction of the movement. So, until the end of the day, it was within a fairly narrow range and with an amplitude of price changes of less than 50 pp. 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 wave c, a, C. At the same time, the pause may provoke the resumption of the decline of quotations to the level of the 95th figure and an even more complicated wave structure of the whole wave b, a, C.

The objectives for an upward wave option:

1.0004 - 127.2% of Fibonacci

1.0050 - 161.8% of Fibonacci

The objectives for a downward wave option:

0.9565 - 76.4% of Fibonacci

0.9500

General conclusions and trading recommendations:

The currency pair continues to build an upward set of waves. The assumed wave b, a, C, may have completed its construction. If this assumption is true, then the increase in quotations will continue with the goals near the price parity. The wave b, a, C may well complicate its internal wave counting again.