Wave analysis of the USD/CHF currency pair for May 14, 2018
May 14, 2018 11:23 pmVideo
Latest News
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
Analysis of wave counting:
As expected, the USD/CHF pair started trading on Friday with a downward movement and after losing about 60 percentage points, finished the day near the level of price parity. The resulting wave situation makes it possible to assume that the currency pair confirms the transition to the stage of formation of the first generating waves in the composition of the future 1st wave, in C, in (2), in A, in (B). If this is the case, the currency pair may continue to decline quotations to 0.9900 level and further, to the lower forming line of the uplink.
Targets for buying:
1,0064 – 76.4% by Fibonacci
1.0100 – 1.0150
Targets for selling:
0.9896 – 61.8% by Fibonacci
0.9761 – 50.0% by Fibonacci
General conclusions and trading recommendations:
The currency pair supposedly completed the construction of the wave c, in c, in B, in (2), in A, in (B). Thus, it is recommended selling the pair with targets near the estimated mark of 0.9896, which is equivalent to 61.8% of Fibonacci. Buying the pair will be in case of a successful attempt to break through the mark of 1.0064, which corresponds to 76.4% of Fibonacci, with targets in the range 1.0100 – 1.0150.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: