08.03.201809:40 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair for March 8, 2018

Analysis of wave counting:

Yesterday, the attempt of the currency pair USD / CHF to resume the downward movement once again resulted in a failure and the price rebound to the level of 0.9440 from the minimum reached at the beginning of the European session (0.9355). Thus, the current wave situation suggests that the currency pair still remained in the stage of formation of wave d, 4, 3, C, (2), A, (B), further complicating while its internal wave b. If this is the case, the currency pair may at any time begin to lower the quotations to the level of the 92nd figure, or even 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.