FX.co ★ Wave analysis of the USD / CHF currency pair for February 26, 2018

Analysis of wave counting:

Having started the Friday's trading with a rollback from the minimum reached during the previous day, the currency pair USD / CHF was able to add about 50 percentage points in price and finish the day by working off the mark of 0.9370. Thus, it seems that the currency pair tried to confirm the completion of the wave c and the transition to the stage of the formation of the wave d, in the composition of which began to acquire the signs of the oblique correctional triangle of the wave 4, 3, C, (2), A, (B). If this is so, then the currency pair may have good prospects for lowering quotations to the level of the 92nd figure, or even to the level of 0.9150.

The objectives for the option with an upward wave:

0.9400

The objectives for the option with a downward wave:

0.9194 - 127.2% of Fibonacci

0.9152 - 161.8% of Fibonacci

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. The assumed wave 3, C, (2), A, (B) continues its construction, within the limits of its internal wave d, 4, the reduction of quotations may resume with targets located near the calculated marks of 0.9194 and 0.9152, which corresponds to 127.2% and 161.8% of Fibonacci.