FX.co ★ Wave analysis of the USD / CHF currency pair for August 22, 2017

Analysis of wave counting:

Having spent the first half of the past day near the mark of 0.9650, the pair USD / CHF could not continue its upward movement and fell to the level of the 96th figure at the end of trading. At the same time, despite the remaining uncertainty, it can still be assumed that the currency pair continued to make attempts to form the beginning of the 3rd wave, 3rd, 1st, C. If so, the currency pair will resume growth of quotations in the direction of 0.9800.

Targets for the upward wave option:

0.9750 - 0.9800

0.9900

Goals for the downward wave option:

0.9609 - 50.0% by Fibonacci

0.9570 - 61.8% by Fibonacci

General conclusions and trading recommendations:

The wave E, B has completed its construction. Now the construction of the proposed wave C continues. Thus, now it is possible to raise quotations within the framework of wave 3, 3, 1, C with targets located around 98 figures (the goals will be specified). The assumed wave 2, 1, C is completed. The correction wave 2, 3, 1, C, is most likely also completed.