FX.co ★ Wave analysis of the USD / CHF currency pair for April 12, 2018

Analysis of wave counting:

In the conditions of the increased volatility of yesterday's trading, the pair USD / CHF continued the upward movement, which had begun the day before, and stopped before the level of the 96th figure at the end of the day. The wave pattern, which has not undergone any significant changes, allows us to assume 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, the currency pair still retains the potential for resuming the growth of quotations and further complicating the internal wave structure of the entire 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 a downward 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 quotations will resume 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.