FX.co ★ Simplified wave analysis of USD / CHF for February 12

Large-scale graphics:

The daily scale of the franc chart has an upward course. Over the past year, the first 2 parts (A + B) were fully formed in the movement structure and the final part (C) started.

Medium scale graphics:

The wave of January 10, ascending, develops on the impulse type of movement. The wave has high potential.

Small-scale graphics:

In the bullish wave of January 31, a corrective phase is expected in the coming days. Most likely movement in the "side".

Forecast and recommendations:

On the graph, the pair remains the prospect of a long price rise. For all trading styles, it is recommended to pay attention to the entry signals in long positions.

Resistance zones:

- 1.0030 / 1.0080

- 1.0250 / 1.0300

Support areas:

- 0.9960 / 0.9910

Explanatory notes for the figures: The simplified wave analysis uses waves consisting of 3 parts (A – B – C). The analysis uses 3 consecutive scale graph. Each of them analyzes the last, incomplete wave. Zones show calculated areas with the highest probability of reversal. The arrows indicate the wave marking by the method used by the author. The solid background shows the formed structure, the dotted - the expected movement.

Note: The wave algorithm does not take into account the duration of tool movements over time. To conduct a trade transaction, you need confirmation signals from the trading systems you use!