Analysis of wave counting:
After the unsuccessful testing of the level of the 96th figure, the pair USD / CHF started the expected upward movement in the second half of yesterday's trading, having added about 60 pp in price and reached the level of 0.9660 at the end of the day. It can be assumed that the currency pair completed the 2nd wave, in the 3rd, in the future C, and already marked the beginning of the 3rd wave, in the 3rd, and in C. At the same time, there is still a possibility of a resumption of a decline in quotations below the 0.9550 mark and an even more complicated internal wave structure of the wave c, c, E, B.
Objectives for an upward wave option:
0.9687 - 100.0% by Fibonacci
0.9750 - 0.9800
Objectives for a downward wave option:
0.9555 - 127.2% by Fibonacci
0.9500
General conclusions and trading recommendations:
Wave counting assumes the completion of the downward wave c, c, E, B. Thus, now the quotations are expected to increase within the first waves in the future C with the first targets located near the mark of 0.9687, which corresponds to 100.0% Fibonacci, and above about 98 figures. The wave E and B may well complicate its internal structure even more, but at the moment it looks quite complete. Leaving below 0.9555 indicates an even greater complexity of the wave E and B. The MACD convergence indicates the tool's readiness for improvement.
