07.03.201809:43 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair for March 7, 2018

Analysis of wave counting:

Yesterday's attempt to resume the downward movement was not successful, and from the mark of 0.9360, the currency pair USD / CHF returned to the opening day area. Thus, we can assume that the currency pair remained in the stage of wave formation of wave d, 4, 3, C, (2), A, (B), probably significantly complicating its internal wave b. If this is the case, the currency pair retains the potential, allowing it to start lowering the quotes in the direction of the level of the 92nd figure, or to the level of 0.9150.

The objectives for the option with an upward wave:

0.9450

The objectives for the option with a downward wave:

0.9194 - 127.2% of Fibonacci

0.9152 - 161.8% of Fibonacci

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. The assumed wave 3, C, (2), A, (B) continues its construction and becomes more complicated, within its internal wave d, 4, the decrease in quotations can continue with targets located near the calculated marks of 0.9194 and 0.9152, which corresponds to 127.2% and 161.8% of Fibonacci.