20.04.201806:09 Forex-elemzések és áttekintések: Wave analysis of the USD/CHF currency pair for April 19, 2018

Analysis of wave counting:

Yesterday's attempt to test the level of the 97th figure ended for the USD/CHF pair failure and the subsequent rebound of the price by 50 percentage points. from the maximum of the European session. At the same time, it can be assumed that the currency pair remained in the formation stage of a not completely completed wave c, in e, in the 4th, in C, in (2), in A, in (B). If this is the case, the currency pair may continue to rise in quotations, with the prospect of working off the mark of 0.9740-0.9750.

Targets for an upward wave option:

0.9743 - 76.4% by Fibonacci

Targets for a downward wave option:

0.9551 - 50.0% by Fibonacci

0.9465 - 38.2% by Fibonacci

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. The assumed wave 4, in C, in (2), in A, in (B) can further complicate its structure with targets near the estimated mark of 0.9743, which corresponds to 76.4% of Fibonacci. After the completion of the construction of this wave, the quotations are expected to fall within the limits of wave 1, in 5, in C, in (2), in A, in (B) with targets near the calculated marks of 0.9551 and 0.9465, which corresponds to 50.0% and 38.2% by Fibonacci.