Trading Conditions
Products
Tools
Analysis of wave counting:
In general, it is expected that the testing of the level of the 99th figure on Friday, provoked a rebound in the price of the pair USD / CHF by almost 50 percentage points from the maximum of the European session (0.9920), to the level of 0.9870. Thus, the current wave situation allows us to assume that the currency pair made another attempt at the end of the wave c, c, B, (2), A, (B) and the transition to the stage of formation of the first generating waves in the future wave C, (2), A, (B). If this is so, then the currency pair may have good prospects for a price return to the February low area corresponding to the level of 0.9200.
The objectives for the option with an upward wave:
0.9896 - 61.8% of Fibonacci
1.0000
The objectives for the option with a downward wave:
0.9751 - 50.0% of Fibonacci
0.9625 - 38.2% of Fibonacci
General conclusions and trading recommendations:
The currency pair continues to build an uptrend. The wave counting has undergone certain changes, within the limits of wave c, c, B, (2), A, (B), the quotes continue to rise with targets near the estimated mark of 0.9896, which corresponds to 61.8% of Fibonacci, and above, near the price parity. After the completion of the construction of this wave, a long decline is expected within the framework of wave C, (2), A, (B).
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.