USD/CHF: wave analysis

The probability of downward movement remains.

On the H4 chart, the downward correction of the higher level is developing as a wave (2), which includes the formation of the wave C of (2). At the moment, it seems that the local correction as a wave ii of C was completed, and the third wave iii of C has begun. If the assumption is correct, the pair will continue to decline to the levels of 0.9724–0.9618. The critical level for this scenario is 1.0008.


Main scenario

Short positions will become relevant below the level of 1.0008 with a target in the range of 0.9724–0.9618. Implementation period: 7+ days.

Alternative scenario

Breakout and consolidation of the price above the level of 1.0008 will allow the pair to rise to the level of 1.0122.



Timeframe Weekly
Recommendation SELL
Entry Point 0.9884
Take Profit 0.9724, 0.9618
Stop Loss 1.0008
Key Levels 0.9618, 0.9724, 1.0008, 1.0122


Alternative scenario


Recommendation BUY STOP
Entry Point 1.0015
Take Profit 1.0122
Stop Loss 0.9955
Key Levels 0.9618, 0.9724, 1.0008, 1.0122

Add comment

Security code

© 2014-2018, Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. Only the NFA regulated brokers featured on this site are available to U.S. customers. Forex