12.03.201811:23 Forex Analysis & Reviews: Wave analysis of the USD / CHF currency pair for March 12, 2018

Analysis of wave counting:

After the dynamic growth the day before, the currency pair USD / CHF took a pause and lost more than 40 percentage points to the end of Friday's session and retracing to the level of 0.9485. Thus, it can be assumed that the currency pair remained in the formation stage of a still not fully completed wave c, 4, C, (2), A, (B). If this is the case, the currency pair retains the potential to resume the growth of quotations and test the level of the 96th figure.

The objectives for the option with an upward wave:

0.9516 - 50.0% of Fibonacci

0.9593 - 61.8% of Fibonacci

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) may have been completed. If this is the case, then the quotes increase will continue within the limits of wave c, 4, C, (2), A, (B) with targets located near the estimated marks of 0.9516 and 0.9593, which equates to 50.0% and 61.8% of Fibonacci, and higher.