empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

04.04.201809:38 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair for April 4, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 04.04.2018 analysis

Analysis of wave counting:

Having resumed the upward movement in the middle of yesterday's trading, the currency pair USD / CHF added about 60 percentage points in price and stopped before the level of the 96th figure at the end of the day. Thus, the current wave situation allows us to assume that the currency pair still complicated the internal wave structure of the wave e, 4, C, (2), A, (B). If this is the case, then from the maximum of the past day, or from the mark of 0.9635, the currency pair can perform a turn and yet designate the beginning of the future wave 5, C, (2), A, (B).

The objectives for the option with an upward wave:

0.9635 - 61.8% of Fibonacci

The objectives for the option with a downward wave:

0.9358 - 23.6% of Fibonacci

0.9400 - 0.9300

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. The assumed wave 4, C, (2), A, (B) has complicated its internal structure and can continue the construction with targets located near the calculated mark of 0.9635, which corresponds to 61.8% of Fibonacci. After its completion, the quotations are expected to fall in the region of about 94 and 93 figures.

Chin Zhao
Analytical expert of InstaForex
© 2007-2024

Open trading account

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off