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Can there be another Covid-19 wave in Sri Lanka?

USDCHF pivot point is at a level of 1.0095 Vote_lcap68%USDCHF pivot point is at a level of 1.0095 Vote_rcap 68% [ 178 ]
USDCHF pivot point is at a level of 1.0095 Vote_lcap18%USDCHF pivot point is at a level of 1.0095 Vote_rcap 18% [ 47 ]
USDCHF pivot point is at a level of 1.0095 Vote_lcap13%USDCHF pivot point is at a level of 1.0095 Vote_rcap 13% [ 35 ]

Total Votes : 260

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FINANCIAL CHRONICLE™ » ECONOMIC CHRONICLE™ » USDCHF pivot point is at a level of 1.0095

USDCHF pivot point is at a level of 1.0095

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GersonH


Stock Analytic
Stock Analytic
The pair USD/CHF is likely to fall in price. Estimated pivot point is at a level of 1.0095.
Main scenario: short positions will be relevant below the level of 1.0095 with a target of 0.9724 – 0.9620.

Alternative scenario: breakout and consolidation above the level of 1.0095 will allow the pair to continue the rise up to the levels of 1.0170 – 1.0238. See more how to trade forex here!

Analysis: The first wave of senior level 1 of (3) has been formed on the daily time-frame and the downward correction 2 of (3) is developing now. On the H4 time frame, the wave A of (2) has formed and presumably the local correction B of (2) finished developing. Apparently, the wave C of (2) started developing on the H1 time frame, with the waves of junior level i and ii formed inside. If the presumption is correct, the pair will logically drop to the levels 0.9724 – 0.9620. The level 1.0095 is critical in this scenario.
USDCHF pivot point is at a level of 1.0095 Pic6f05f58dbe4717aacd0d1db35221a0b1

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