{"id":167293,"date":"2020-03-24T13:11:53","date_gmt":"2020-03-24T17:11:53","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167293"},"modified":"2020-03-24T12:27:58","modified_gmt":"2020-03-24T16:27:58","slug":"usdchf-wave-count-suggests-further-upside","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/usdchf-wave-count-suggests-further-upside\/","title":{"rendered":"USDCHF: Wave Count Suggests Further Upside"},"content":{"rendered":"
March 24, 2020<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

The current USDCHF structure shows a completed cycle degree correction in wave x which is followed by a bullish zigzag consisting of primary sub-waves \u24b6, \u24b7, \u24b8.<\/p>\n

Wave \u24b6, \u00a0which is still under development, consists of intermediate waves (1)-(2)-(3)-(4)-(5). At the time of writing, all but the corrective waves (4) and (5) haven\u2019t completed.<\/p>\n

Wave (4) can see an end near 0.9650, where the minor degree correction wave will be at the 50% of bullish impulse (3).<\/p>\n

This could continue with the full completion in wave (5) above 0.9902, which is the previous high reached by impulse wave (3).<\/p>\n

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We can see the current decline though also as part of a deeper correction. This would suggest that wave (5) is completed, and the correction currently seen could be that of the bearish corrective wave \u24b7 , and in a complex form; (W)-(X)-(Y).<\/p>

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This correction could end near the 0.945 level, where the primary correction \u24b7 will have reached the 61.8% Fibonacci retracement of impulse wave \u24b6. This is often seen in corrections of this type.<\/p>\n

By <\/strong>Orbex<\/strong><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex The current USDCHF structure shows a completed cycle degree correction in wave x which is followed by a bullish zigzag consisting of primary sub-waves \u24b6, \u24b7, \u24b8. Wave \u24b6, \u00a0which is still under development, consists of intermediate waves (1)-(2)-(3)-(4)-(5). At the time of writing, all but the corrective waves (4) and (5) haven\u2019t […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-167293","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=167293"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167293\/revisions"}],"predecessor-version":[{"id":167299,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167293\/revisions\/167299"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}