25.09.201709:47 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair. Weekly review

Analysis of wave counting:

After a delay near the level of 0.9600, the pair USD / CHF still resumed the upward movement and broke through the level of the 97th figure on Thursday, reaching 0.9750. In this case, it can be assumed that the currency pair continued to confirm the completion of wave c, e, C, C, (B) and mark the beginning of a future wave (C). At the same time, the likelihood of the resumption of the decline in quotations to the level of 0.9400 and the further complication of the internal wave structure of the wave e, C, C, (B) has not lost its relevance.

The objectives for an upward wave option:

0.9801 - 76.4% of Fibonacci

0.9900 - 1.0000

Goals for a downward wave option:

0.9388 - 161.8% of Fibonacci

0.9200

General conclusions and trading recommendations:

The wave counting of the instrument becomes more complicated, and the wave e, C, C, (B) is still trying to complete its construction. The lowering of quotations may still resume with targets near the estimated mark of 0.9388, which is equivalent to 161.8% of Fibonacci and below about 92 figures, and wave e, C, C, (B) will become more complicated. The breakthrough of the upper generatrix of the downward corridor of the line warns of the readiness of the instrument to construct an ascending set of waves.