Analysis of wave counting:
Playing out the divergence of MACD_aka, which was indicated on Friday, yesterday's USD/CHF trades started with a "gap" of 50 percentage points and in the second half of the day reached the level of 0.9865. The current situation in this wave suggests that the currency pair made another attempt to move to the stage of formation of the first waves forming a part of a future wave c, in a, in C. At the same time, the currency pair retained the potential for resuming the decline in quotations to 0.9655 and even more complication of the internal wave structure of wave b, in a, in C.
Targets for an upward wave option:
1.0080 - 1.0100
Targets for a downward wave option:
0.9728 - 50.0% by Fibonacci
General conclusions and trading recommendations:
The currency pair continues to build an upward set of waves. The assumed wave b, in a, in C has completed its construction near the mark of 0.9728, which corresponds to 50.0% of Fibonacci. If this is the case, an extended increase in quotations is now expected with targets above price parity. Convergence MACD_aka also warns about the inclination of the trading instrument to build upward wave.
