FX.co ★ Wave analysis of the USD / CHF currency pair for January 11, 2018

Analysis of wave counting:

In general, it is expected that at the beginning of yesterday's European session, the pair USD / CHF was able to start lowering quotations, having lost about 90 pp and broke the 0.9755 mark in the afternoon. At the same time, it can be assumed that as a result of such a dynamic downward movement, the currency pair has already completed the formation of the 2nd wave, c, a, c. If this is so, then, practically from the yesterday's minimum, the currency pair will resume the growth of quotations in the direction of the price parity. At the same time, as noted earlier, the further development of the downward movement in the direction of the 0.9655 mark will most likely lead to an even more complicated internal wave structure of the entire wave c, b, a, C.

The objectives for the construction of an upward wave:

1.0004 - 127.2% of Fibonacci

1.0050 - 161.8% of Fibonacci

The objectives for the construction of a downward wave:

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, has completed its construction. If this assumption is true, now it is expected to continue increasing quotations with targets that are above the price parity in the wave c, a, C.