Stay 
Trading Conditions
Products
Tools
Analysis of wave counting:
During the yesterday's European session, the pair USD / CHF began with the resumption of the upward movement, having added more than 110 percentage points in price and managed to work out the mark of 0.9450 in the afternoon. It looks like the currency pair remained in the stage of formation of the first generating waves in the composition of the future wave 4, C, (2), A, (B). At the same time, as noted earlier, the currency pair retained the potential to resume the decline in quotations to the level of the 92nd figure and thereby significantly complicate the wave structure of not only the wave 5, 3, C, ( 2), A, (B), but, possibly, the whole of this third wave.
The objectives for the option with an upward wave:
0.9478 - 38.2% of Fibonacci
0.9548 - 50.0% of Fibonacci
The objectives for the option with an downward wave:
0.9200 - 0.9100
General conclusions and trading recommendations:
The currency pair continues to build a downward set of waves. The assumed wave 3, C, (2), A, (B) once again could complete its construction, nevertheless it may again complicate its internal structure and reach the 92nd figure. If the assumption of the beginning of the construction of wave 4, C, (2), A, (B) is true, then the increase in quotations will continue with the targets located near the calculated marks of 0.9478 and 0.9548, which corresponds to 38.2% and 50.0% of Fibonacci.
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.
