Analysis of wave counting:
During the European session yesterday, the USD / CHF pair began with an expected upward movement and increase the price from the day's low about 55 pp. At the end of the American session, it tested the level of the 99th figure. The currency pair can be assumed to confirm the transition to the formation stage of the first wave formation in the construction of the 3rd wave, in c, in, and in C. At the same time, the continuing divergence of MACD still indicates the possibility of the continuous decline in quotations to the 0.9655 mark and further complication of the internal wave structure of wave b, in a, in C.
Target for the upward wave option:
1.0080 - 1.0100
Targets for the downward wave option:
0.9728 - 50.0% Fibonacci retracement
General conclusions and trading recommendations:
The currency pair continues to construct 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. The divergence of the MACD showed signs of possible withdrawal of quotations from the maximums reached.* The presented market analysis is informative and does not constitute a guide to the transaction.