FX.co ★ Wave analysis of the USD / CHF currency pair for April 11, 2018

Analysis of wave counting:

Despite the efforts made, in the course of yesterday's trading, the currency pair USD / CHF could not gain a foothold at the level of 0.9550 and fell back to the level of 0.9575 at the end of the day. It seems that the currency pair remained in the stage of formation of the first generating waves, in the composition of the future wave 1, 1, 5, C, (2), A, (B). At the same time, under the prevailing conditions, a currency pair can resume the growth of quotations at any time and further complicate the internal wave structure of the entire proposed wave 4, C, (2), A, (B).

The objectives for the option with an upward wave:

0.9635 - 61.8% of Fibonacci

The objectives for the option with an upward wave:

0.9551 - 50.0% of Fibonacci

0.9465 - 38.2% of Fibonacci

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. The assumed wave 4, C, (2), A, (B), may have been completed. If this is the case, then the decline in quotes will continue within the framework 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.