05.02.201809:43 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair for February 5, 2018

Analysis of wave counting:

In general, it is expected that the Friday's trading of the currency pair USD / CHF will start with a rollback from the low reached on the eve, adding about 80 percentage points in the price and reached the level of 0.9335 in the second half of the day. The resulting wave situation allows us to assume that despite such an upward movement, the currency pair remained in the formation stage, which began to take a more complex form of the wave 5, 5, 3, C, (2) , A, (B). If this is so, then keeping the potential for starting the formation of the future wave 4, C, (2), A, (B), the currency pair can resume the decline of quotations and, nevertheless, work out the level of the 92nd figure.

The objectives for the option with an upward wave:

0.9551 - 38.2% of Fibonacci

0.9632 - 50.0% of Fibonacci

The objectives for the option with a downward wave:

0.9200 - 0.9100

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. All wave counting has undergone certain changes. The assumed wave 3, C, (2), A, (B) resumed its construction. Thus, the lowering of quotations may continue with the targets located about 92 and 91 figures.