Analysis of wave counting:
During the trades of the last day of the previous week, the USD/CHF pair resumed the downward movement and, having lost more than 50 percentage point, reached the level of 0.9770 at the end of the Friday session. At the same time, it can be assumed that with such a decline in the price, the currency pair has further complicated the internal wave structure of the wave e, in the 4th wave, in a, in C. At the same time, the MACD_aka that passed into the positive zone indicates the retained probability of a currency pair reversal in favor of the dollar and the beginning of the formation of the future 5th wave, in a, in C.
Targets for an upward wave option:
1.0080 - 1.0100
Targets for a downward wave option:
0.9750 - 0.9800
General conclusions and trading recommendations:
The currency pair continues to build an upward set of waves. The assumed wave 4, in a, in C, has complicated its internal wave structure and is still continuing its construction with targets between the 0.9750 and 98 figure. After the completion of this wave, a prolonged increase is expected within wave 5, in a, in C. Convergence MACD_aka warns of the inclination of the trading instrument to complete the construction of the downward wave.
