Analysis of wave counting:
In general, it is expected that the last week's trade of the USD / CHF pair started with an upward movement and already managed to work out the mark of 0,9685 on Thursday. It can be assumed that the currency pair has attempted to complete the process of forming the internal wave structure of the waves c, c, e, c, c, c (B); and designate the beginning of the future wave (C). If so, then the currency pair may have good prospects for continuing the growth of quotations to the level of the 99th figure.
Objectives for an upward wave option:
1,0000 – 1,0100
Objectives for a downward wave option:
0,9555 - 127.2% by Fibonacci
0,9400
General conclusions and trading recommendations:
The wave counting of the instrument assumes the construction of the complicated waves e, C, C, and (B). The tool may continue to decline with targets located near the estimated mark of 0,9555, which is equivalent to 127.2% Fibonacci, and below about 94 figures. After the completion of the construction of this wave, an extended increase in quotations is expected within the assumed wave (C). An unsuccessful attempt to break through the mark of 0,9555 led to the withdrawal of quotations from the achieved minimum.
