empty
 
 
25.01.2018 10:21 AM
Wave analysis of the USD / CHF currency pair for January 25, 2018

This image is no longer relevant

Analysis of wave counting:

Yesterday, the USD / CHF pair began trading with the continuation of the downward movement and lost more than 150pp, which stopped at several points from the September low of last year (0.9520) by the end of the day. Thus, it can be assumed that the pair was in the stage of formation taking the form of a five-wave structure in b, in a, and in C. If this is the case, the minimum level in the previous day still perform a U-turn and mark the beginning of future waves within a, and in C. At the same time, the internal wave structure of the wave c, in b, in a and in C allows the currency pair to continue the reduction of quotations to the level of the 93rd figure, and in turn, will require the review of the entire wave counting.

Goals for the option with an upward wave:

1.0004 - 127.2% Fibonacci retracement

1.0050 - 161.8% by Fibonacci

Targets for a downlink wave option:

0.9400 - 0.9300

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. The assumed wave b, in a, and in C resumed its construction again. Thus, the decline in quotations continues with targets located around the figures of 94 and 93, as well as, the entire wave B which may require adjustments in the near future.
Chin Zhao,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback