free stats

USD/CHF: Wave analysis and forecast for 17/08/2018 – 24/08/2018

USD/CHF: Wave analysis and forecast for 17/08/2018 – 24/08/2018

The pair USD/CHF is still likely to fall. Estimated pivot point is at a level of 1.0068.

Main scenario: short positions will be relevant from corrections below the level of 1.0068 with a target of 0.9818 – 0.9745.

Alternative scenario: breakout and consolidation above the level of 1.0068 will allow the pair to continue rising to a level of 1.0115.

Analysis: Supposedly, an ascending impetus finished forming as the first wave of senior level 1 of (3) within the daily time frame. A downward correction is forming as the wave 2 of (3) on the 4-hour timeframe. Apparently, a local correction of junior level b of 2 is nearing completion on the 1H time frame. If the presumption is correct, the pair will continue to fall to the levels 0.9818 – 0.9745 within the wave c of 2 once the correction has finished. The level 1.0068 is critical in this scenario.

 

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

Categories: Free Forex Signals

Free Forex Course - Free Forex Signals - ForexGuru.Pk - Dr. Zia-al-Hassan

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