Wave analysis

Monthly chart.

For the last month, from the moment of our last review monthly chart USD_CHF, the wave marking has not changed. But thus it is necessary to notice that termination dates of current wave formation increase. And time of an expected wave 5 in C (or W3) it will be possible to speak about dimension more definitely after the termination of current correction.   

Week chart.   

If we correctly identified the wave movement which has begun in March, 2008, as correction abc we can expect its fast finish and renewal of a descending trend. All wave marking resulted by us in last month while remains. Near purposes, in case of the beginning of Franc strengthening, are put on the chart. At continuation of Dollar cost growth, levels 1.1230 and 1,1560 will be the purposes.   

Day chart.   

Apparently from the resulted drawing currency pair completely has justified our expectations, having generated high-grade correctional abc. And though, as much as possible, we hoped to see franc near 1.0725 (38,2 % of correction), actually the price has fulfilled 50 % of correction and a week is near this level. With an early autumn, the new coil of easing of dollar quite possibly can begin and movement to the purposes below reached before minima will begin. But the long finding of Franc under correction level, can entail its breakdown and growth of the Swiss to 1.1390 (68,2 %). It is impossible to exclude completely and the variant of five-wave structure formation, in which a wave 1 becomes the wave designated in drawing and current correction. But about it while, to speak rather early.