USD/CHF: Wave Analysis and Forecast for 15.04 – 22.04

USD/CHF: Wave Analysis and Forecast for 15.04 – 22.04

15 April 2016, 15:17
Roberto Jacobs
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USD/CHF: Wave Analysis and Forecast for 15.04 – 22.04

USD/CHF:  The pair is likely to grow within correction.

Estimated pivot point is at the level of 0.9489.

Our opinion: Buy the pair from correction above the level of 0.9489 with the target of 0.99 – 1.00.

Alternative scenario: Breakout and consolidation of the price below the level of 0.9489 will allow the pair to continue decline to 0.93 – 0.92.

Analysis: Presumably, the formation of the wedge, as the first wave i of C on the daily time-frame, has completed. At the moment upward correction as the wave ii of C is developing, within which the first one-two wave (a) of ii is being formed. If this assumption is correct, the pair will continue to rise up to 0.99 – 1.0. Critical level for this scenario is 0.9489.


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The material has been provided by LiteForex - Finance Services Company - www.liteforex.com


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