USDCHF Wave analysis and forecast for 28.04 – 05.05
Wave analysis and forecast for 28.04 – 05.05: Downtrend continues.
Estimated pivot point is at the level of 0.9998.
Analysis: Presumably, a long-term ascending correction in a form of the fourth wave of senior level has finished developing within the daily time frame. Apparently, the fifth wave has started to develop locally with the first wedge-shaped wave 1 developing within. If the presumption is correct, the pair may continue to fall to a level of 0.9809 in the medium-term perspective. The level 0.9998 is critical in this scenario.
Alternative scenario: Breakout and consolidation above the level of 0.9998 will allow the pair to continue rising to a level of 1.0101.
Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?
Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email
We Respect Your Privacy And Protect It Seriously