By Orbex
The current USDCHF structure indicates the end of the actionary wave y of the cycle degree. This is followed by a cycle intervening wave x.
The initial part of the wave x can be a standard zigzag and will consist of main sub-waves Ⓐ-Ⓑ-Ⓒ. The impulse Ⓐ and the correction Ⓑ look finished. So, in the near future, the price may move in an impulse form within the bearish wave Ⓒ.
The expectation for the end of wave Ⓒ is near 0.904. At that level, wave x will be at 76.4% of wave y. After reaching this mark, the price may start to rise in wave z above the maximum of 0.936.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Let’s look at the alternative scenario that hints at a price increase. According to this view, the formation of the cycle intervening wave x is fully completed. It has the form of a triple zigzag of the primary degree.
After the end of the reactionary intervening wave x, we saw a price increase in the cycle wave z. Perhaps it takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ.
Finally, prices could rise to 0.951, where cycle waves z and y will be equal.
Article by Orbex
Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com
- Optimism surrounding the US-China summit in Beijing supported the markets May 15, 2026
- Gold Falls on US Inflation Concerns as Week Ends in Losses May 15, 2026
- The oil market may remain in a state of severe supply shortage until autumn May 14, 2026
- GBP/USD Under Policy Pressure: What Lies Ahead for the Prime Minister? May 14, 2026
- European stock markets declined amid rising concerns about an energy crisis May 13, 2026
- USD/JPY Continues to Climb Amid External and Domestic Pressures May 13, 2026
- You can change your emotions – but it’s a 2‑step process that takes some effort May 12, 2026
- The United States rejected Iran’s proposal for resolving the conflict. Oil prices surged again May 12, 2026
- EUR/USD on Edge: Middle East and China in Focus May 12, 2026
- The US stock indices continue to set new records. China’s exports showed a sharp increase May 11, 2026
