FX.co ★ Wave analysis of the USD/CHF currency pair for November 28, 2017

Analysis of wave counting:

After Friday's decline to the level of 0.9770, the the pair USD/CHF held in the range in the entirety of the previous day, making attempts to gain a foothold above the level of the 98th figure. At the same time, it can be assumed that the lows reached at the end of the last week is the completion of the entire 4th wave, in a, in C. If this is the case, then the currency pair may have good prospects for transition to the stage of formation of the first generating waves in the future 5th wave, in a, in C.

Targets for an upward wave option:

1.0080 - 1.0100

Targets for a downward wave option:

0.9750 - 0.9800

General conclusions and trading recommendations:

The currency pair continues to build an upward set of waves. The assumed wave 4, a, C, has complicated its internal wave structure and is still continuing its construction with targets between the 0.9750 and 98 figure. After the completion of this wave, a prolonged increase is expected within wave 5, in a, in C.