08.01.201810:07 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair for January 8, 2018

Analysis of wave counting:

Starting the trading on Friday with the upward movement, the pair USD / CHF, however, failed to consolidate the emerging success and fell back to the level of 0.9745 from the peak reached in the second half of the day (0.9785). At the same time, it can be assumed that the currency pair continued to make attempts to the stage of formation of the first generating waves in the future wave c, a, and C. At the same time, it is still possible for the currency pair to resume falling to 0.9655 and even more complication of the internal wave structure of the wave c, b, a, C.

The objectives for the variant with an upward wave:

1.0004 - 127.2% by Fibonacci

1,0050 - 161.8% by Fibonacci

The objectives for building a downward wave:

0.9656 - 61.8% by Fibonacci

0.9600

General conclusions and trading recommendations:

The currency pair continues to build an upward set of waves. The assumed wave b, a, C, could complete its construction. If this assumption is correct, then now it is expected to continue raising quotations with targets that are above the price parity.