Analysis of wave counting:
Having started the last week's trading with the upward movement, the pair USD / CHF was able to add about 180 percentage points in price and already reached the level of 0.9470 on Thursday. It can be assumed that the currency pair has made another attempt to complete the process of forming the wave 5, 3, 2, A, (B) and designate the beginning of the future wave 4, c, 2, A, (B). At the same time, the ratio between the dimensions of the wave 1, 3, c, 2, A, (B) allows the probability of resuming the decline in quotations and working out the next target level corresponding to 0.9175.
The objectives for working out the variant with an upward wave:
0.9278 - 261.8% of Fibonacci
0.9176 - 300.0% of Fibonacci
The objectives for working off a variant with a downward wave:
0.9700 - 0.9800
General conclusions and trading recommendations:
The wave counting has suffered some clarification. The lowering of quotations may resume this week with targets near the calculated levels of 0.9278 and 0.9176, which equates to 261.8% and 300.0% of Fibonacci, within wave 3, c, 2, A, (B). Within wave 4, if the current wave is already completed, an increase is expected with the first targets, which are about 97 and 98 figures.
