FX.co ★ Wave analysis of the USD / CHF currency pair. Weekly review

Analysis of the wave counting:

Last week, the pair USD / CHF started with the continuation of the downward movement and rebounded by 250 percentage points from the minimum reached on Tuesday only after the price fall below the 0.9430 level. The current wave situation allows us to assume that the currency pair has complicated the internal wave structure not only of the waves c, e, C, C, (B) but also of the waves b, e, C, C, (B). If this is so, the wave c, e, C, C, (B) will not take an even more complicated form, then the growth of quotations designated after August 29 may be the beginning of the future wave (C).

The objectives for an upward wave option:

0.9801 - 76.4% of Fibonacci

0.9900 - 1.0000

Goals for a downward wave option:

0.9388 - 161.8% of Fibonacci

0.9300

General conclusions and trading recommendations:

The wave counting of the instrument implies the completion of the construction of the wave e, C, C, (B). If this assumption is correct, then the tool can start raising with the first targets located near the mark of 0.9801, which is equivalent to 76.4% of Fibonacci and above about 99 and 100 figures within wave 3 in (C). Leaving below 0.9388 will lead to an even greater complication of the internal structure of wave C, C, (B).