FX.co ★ Wave analysis of the USD / CHF currency pair for October 3, 2017

Analysis of wave counting:

Starting yesterday's trading with the upward movement, the pair USD / CHF added about 75 pp in price and reached the level of 0.9755 at the end of the day. It can be assumed that the currency pair continued to make attempts to form an increasingly complex form of the internal wave structure of the 3rd wave as part of the future C. If so, the currency pair retains the potential for further growth of quotations in the direction of the level of the 99th figure or even the level of price parity.

The objectives for an upward wave option:

0.9763 - 61.8% of Fibonacci

0.9805 - 76.4% of Fibonacci

0.9872 - 100.0% of Fibonacci

Targets for a downward wave option:

0.9395 - 76.4% of Fibonacci

0.9315 - 100.0% of Fibonacci

General conclusions and trading recommendations:

Wave counting is not entirely unambiguous. The increase in quotations may continue in the future within the first waves in the future C with the targets being about 0.9763, 0.9805 and 0.9872, which is equivalent to 61.8%, 76.4% and 100.0% of Fibonacci. However, the entire internal wave structure of wave C has a completely ambiguous and complex form.