12.01.201812:35 Prehľad analýz forexového trhu: Wave analysis of the USD / CHF currency pair for January 12, 2018

Long-term review

Exchange Rates 12.01.2018 analysis

Analysis of wave counting:

On the wave of dollar weakening during yesterday's European session, the USD / CHF pair could not develop the indicated upward movement and fell to the level of 0.9730 in the afternoon. Thus, it can be assumed as a result of such reduction pair somewhat complicated inner second wave structure in a, in a, and in C If this is the case, it will still proceed with the formation of the third wave, in a, in a, in C from the minimum of the currency pair yesterday. At the At the same time, it is likely to continue the development of a downward movement to the level of 0.9655, with the prospect of forming the internal wave structure of the entire wave in b, in a, in C, which will further complicate the formation.

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:

0.9656 - 61.8% by Fibonacci

0.9600

General conclusions and trading recommendations:

The USD/CHF currency pair continues to build an upward set of waves. The assumed wave b , in a, in C, has completed its construction. If this assumption is true, it is now expected to resume the increase in quotations with targets that are above the price parity, within the limits of the wave s, a, and in c.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Chin Zhao,
Analytical expert
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