FX.co ★ Wave analysis of the USD / CHF currency pair for October 10, 2017

Analysis of wave counting:

In the course of yesterday's trading, the pair USD / CHF was not able to determine the direction of the movement, having spent the whole day within a very narrow range, with a maximum amplitude of price changes of just over 30 pp. The current wave situation allows us to assume that the currency pair still remained in the formation stage of a rather complex form of the 3rd wave, third, 1st, C. If this is so, then the probability of resumption of the growth of quotations to the level of the 99th figure has not lost its relevance.

Targets for the option with an upward wave:

0.9872 - 100.0% of Fibonacci

Goals for the downward wave option:

0.9700 - 0.9720

General conclusions and trading recommendations:

Now, wave counting is not entirely unambiguous. The increase in quotes may continue within the first wave in the composition of the future C with a target of about 0.9872, which is equivalent to 100.0% of Fibonacci. The entire internal wave structure of wave C assumed a very complicated form. Within the framework of the correction wave in composition 1, C, a slight decrease from 0.9700 to 0.9720 is possible. The upward corridor preserves the prospects of building an uptrend section of the trend.