USD/CHF: Wave analysis and forecast for 26/04/2019 – 03/05/2019
The pair USD/CHF is still likely to grow. Estimated pivot point is at a level of 1.0129.
Main scenario: long positions will be relevant from corrections above the level of 1.0129 with a target of 1.0300 – 1.0467.
Alternative scenario: breakout and consolidation below the level of 1.0129 will allow the pair to continue declining to the levels at 0.9994 – 0.9894.
Analysis: Supposedly, the third wave of senior level (3) continues to form on the daily time frame. On the 4-hour time frame, a local correction has finished developing in the form of wave ii of 1 of (3)...Read full author’s opinion
