24.01.201809:58 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair for January 24, 2018

Analysis of wave counting:

Having failed to resume the upward movement, in the middle of yesterday's trading, the pair USD / CHF still began to decline and fell back to the level of 0.9565 at the end of the day. At the same time, it seems that the currency pair has aimed at continuing the decline of quotations to the level of the 95th figure and even more complicating the internal wave structure of the entire wave b, a, C. At the same time, if the upward movement resumes from the minimum, the currency pair will confirm the transition to the stage of formation of the first generating waves in the future wave c, a, C.

The objectives for the upward wave option:

1.0004 - 127.2% of Fibonacci

1.0050 - 161.8 % of Fibonacci

The objectives for the 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 resume with the targets near the price parity. The wave b, a, C may well complicate its internal wave counting again, which becomes clear after updating the last minimum.