Analysis of wave counting:
During the past week, the pair USD / CHF held in the range and only on Friday was able to break through the maximum reached on July 28, having fulfilled the mark of 0.9760. At the same time, it seems that the currency pair confirmed the transition to the stage of formation of the first generating waves, as part of the future wave (C). If this is so, then the currency pair has good prospects for continuing the growth of quotations to the level of the 99th figure or even price parity.
The objectives for an upward wave option:
0.9801 - 76.4% by Fibonacci
0.9900 - 1.0000
Goals for a downward wave option:
0.9388 - 161.8% by Fibonacci
0.9300
General conclusions and trading recommendations:
The wave counting of the instrument assumes the completion of the construction of the wave e, C, C, (B). If this assumption is correct, then the instrument can continue raising with targets located near the designated mark of 0.9801, which equates to 76.4% Fibonacci, and above about 99 and 100 figures.