FX.co ★ Wave analysis of the USD / CHF currency pair for January 9, 2018

Analysis of wave counting:

Having failed to determine the direction of the movement, during the yesterday's trading, the pair USD / CHF remained within the range, with a maximum amplitude of price changes of about 40 percentage points. It can be assumed that, despite such a delay, the currency pair remained in the stage of formation of the first generating waves in the future wave c, a, C, whose calculated targets are located far beyond the level of price parity. At the same time, the probability of resuming the decline in quotations to 0.9655 and further complicating the internal wave structure of wave c, b, a, C has not lost its relevance.

Targets for the upward wave option:

1.0004 - 127.2% of Fibonacci

1.0050 - 161.8% of Fibonacci

Targets for the downward wave option:

0.9656 - 61.8% of Fibonacci

0.9600

General conclusions and trading recommendations:

The currency pair continues to build an upward set of waves. The assumed wave b, a, C, could complete its construction. If this assumption is correct, then now it is expected to continue raising quotations with targets that are above the price parity.