24.11.201711:20 Forex Analysis & Reviews: Wave analysis of the USD/CHF currency pair for November 24, 2017

Long-term review

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Analysis of wave counting:

Despite the breakdown of the level of the 98th figure, for the whole past day, in the conditions of low activity of yesterday's trades, the USD/CHF pair remained in the range, near the already reached lows. Looking at this quite convincingly wave e, in the 4th, in a, in C, we can assume that the currency pair still completed the process of formation of the entire 4th wave, in a, in C. If this is so, then the currency pair has good prospects for the beginning of a fairly dynamic upward movement and the transition to the stage of formation of the future 5th wave, in a, in C.

Targets for an upward wave option:

1.0080 - 1.0100

Targets for a downlink wave option:

0.9807 - 76.4% by Fibonacci

General conclusions and trading recommendations:

The currency pair continues to build an upward set of waves. The assumed wave 4, in a, in C has complicated its internal wave structure and is still continuing its construction with targets near the estimated mark of 0.9807, which corresponds to 76.4% of Fibonacci. An unsuccessful attempt to break through the mark of 0.9807 may lead to the completion of the construction of this extended wave and the construction of wave 5, in a, in C.

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