FX.co ★ Wave analysis of the USD / CHF currency pair for September 6, 2017

Analysis of wave counting:

During yesterday's trading, the pair USD / CHF continued to move within a fairly narrow price range, limited by the level of the 96th figure and the 0.9550 mark. It can be assumed that the currency pair still remained in the stage of formation of the first generating waves in the composition of the future wave C. If this is so and the wave c, c, E, B will not take an even more complex form, the pair will continue to slowly decline quotations to the level of 0.9500.

Targets for the upswing variant:

0.9700 - 0.9800

Targets for the downside wave option:

0.9500

0.9400 - 0.9300

General conclusions and trading recommendations:

The wave counting has now become very ambiguous and may require adjustments in any moment. At the moment, it is possible to resume the increase in quotations from the reached lows within the proposed wave C with targets located about 97 and 98 figures (these goals will be further clarified). At the moment, the proposed correction wave is being constructed in the composition of the future C with targets of about 95 figures.