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

Analysis of wave counting:

Despite the existing prerequisites, in the course of yesterday's trading, the pair USD / CHF was unable to complete the turn, resuming the upward movement and stopped before the 0.9850 mark at the end of the day. The current wave situation allows us to assume that the currency pair still remained in the stage of formation of the wave c, e, 4, C, (2), A, (B), giving it an even more complex and an elongated view. If this is so, then from the high of the past day, the currency pair will still execute the expected reversal and designate the beginning of the future wave 5, C, (2), A, (B). At the same time, it should be noted that the continued growth of quotations to the level of price parity is likely to lead to the need to refine the wave markings of the proposed wave (2), A, (B).

The objectives for the option with an upward wave:

0.9900

The objectives for the option with a downward wave:

0.9675 - 61.8% of Fibonacci

0.9582 - 50.0% of Fibonacci

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. The assumed wave e, 4, C, (2), A, (B) can further complicate its structure with targets that are about 99 figures. After the completion of the construction of this wave, the quotations are expected to fall within the limits of wave 5, C, (2), A, (B) with targets near the estimated levels of 0.9675 and 0.9582, which corresponds to 61.8% and 50.0% of the Fibonacci. Further increase in quotations will lead to the need to revise the internal wave structure of the wave (2), A, (B).