Analysis of wave counting:
The low activity of the Friday trading did not allow the pair USD / CHF to determine the direction of the movement, so the price remained within the range limited by the level of the 96th figure and the mark of 0.9640 until the end of the day. The current wave situation allows us to assume that the currency pair has made an unsuccessful attempt to transition to the stage of formation of the first generating waves, in the future wave 3, 1, 5, C, (2), A, (B). At the same time, the currency pair retained the potential for the resumption of the growth of quotations to the level of 0.9700 and, as a result, an even greater complication of the internal wave structure of the wave e, 4, C, (2), A, (B).
The objectives for the option with an upward wave:
0.9636 - 61.8% of Fibonacci
0.9700
The objectives for the option with a downward wave:
0.9551 - 50.0% of Fibonacci
0.9465 - 38.2% of Fibonacci
General conclusions and trading recommendations:
The currency pair continues to build a downward set of waves. The assumed wave 4, C, (2), A, (B) can further complicate its structure with goals that are about 97 figures and higher. After the completion of the construction of this wave, the quotations are expected to fall within the limits of wave 1, 5, C, (2), A, (B) with targets near the calculated marks of 0.9551 and 0.9465, which corresponds to 50.0% and 38.2% of Fibonacci.
