Stay 
Trading Conditions
Products
Tools
Analysis of wave counting:
Yesterday, the USD / CHF pair began trading with the continuation of the downward movement and lost more than 150pp, which stopped at several points from the September low of last year (0.9520) by the end of the day. Thus, it can be assumed that the pair was in the stage of formation taking the form of a five-wave structure in b, in a, and in C. If this is the case, the minimum level in the previous day still perform a U-turn and mark the beginning of future waves within a, and in C. At the same time, the internal wave structure of the wave c, in b, in a and in C allows the currency pair to continue the reduction of quotations to the level of the 93rd figure, and in turn, will require the review of the entire wave counting.
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:
0.9400 - 0.9300
General conclusions and trading recommendations:
The currency pair continues to build a downward set of waves. The assumed wave b, in a, and in C resumed its construction again. Thus, the decline in quotations continues with targets located around the figures of 94 and 93, as well as, the entire wave B which may require adjustments in the near future.InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
