FX:USDCHF   U.S. Dollar / Swiss Franc
The pair may fall.

On the 4-hour chart, an upward correction of the higher level developed as the second wave ii of 1, and the formation of the third wave iii of 1 started. Now, the first wave (i) of iii has formed as a diagonal, and the local correction of the lower level (ii) of iii has ended. If the assumption is correct, the pair will fall to the levels of 0.9717–0.9656. In this scenario, critical stop loss level is 1.0028.

Main scenario

Short positions will become relevant during the correction, below the level of 1.0028 with the targets at 0.9717–0.9656. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 1.0028 will let the pair grow to the levels of 1.0121–1.0230.


Timeframe Weekly
Recommendation SELL
Entry Point 0.9984
Take Profit 0.9717, 0.9656
Stop Loss 1.0028
Key Levels 0.9656, 0.9717, 1.0028, 1.0121, 1.0230

Alternative scenario

Recommendation BUY STOP
Entry Point 1.0030
Take Profit 1.0121, 1.0230
Stop Loss 0.9970
Key Levels 0.9656, 0.9717, 1.0028, 1.0121, 1.0230
Register on LiteForex site and get more analysis https://www.liteforex.com/?uid=880952068&cid=12118


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out