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20.04.2018 09:53 AM
Wave analysis of the USD / CHF currency pair for April 20, 2018

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Analysis of wave counting:

Only in the second half of yesterday's trading, the currency pair USD / CHF was able to resume the expected upward movement, having fixed above the level of the 97th figure and work the mark of 0.9720 at the end of the day. Thus, it seems that the currency pair has moved to the final stage of the formation of the internal wave structure of the wave c, e, 4, C, (2), A, (B). If this is the case, before the turn and still mark the beginning of the future wave 5, C, (2), A, (B), the currency pair will continue to rise in quotes, having worked at the same time the calculated target in the marking area of 0.9740-0.9750.

The objectives for the option with an upward wave:

0.9743 - 76.4% of Fibonacci

The objectives for the option with a downward wave:

0.9551 - 50.0% of Fibonacci

0.9465 - 38.2% of Fibonacci r

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. The assumed wave 4, C, (2), A, (B) can further complicate its structure with targets near the estimated mark of 0.9743, which corresponds to 76.4% of Fibonacci. After the completion of the construction of this wave, the quotations are expected to fall within the limits of wave 1, 5, C, (2), A, (B) with targets near the calculated marks of 0.9551 and 0.9465, which corresponds to 50.0% and 38.2% of Fibonacci.

Chin Zhao,
Analytical expert of InstaForex
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