FX.co ★ Wave analysis of the USD / CHF currency pair for September 7, 2017

Analysis of wave counting:

Having stood most of the yesterday's trading near the 0.9550 mark, the pair USD / CHF started a slow pullback from the already reached low and reached 0.9580 at the end of the day. It can be assumed that the currency pair 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 still does not take an even more complicated form, then before resuming the growth of quotations, the currency pair may attempt to test the level of the 95th figure.

Targets for the upward wave option:

0.9700 - 0.9800

Targets for the downward 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. It is now 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.