USDCHF H1: Wave Analysis for the Asian Session on 20.1.2026

The market is still heading down, but the chart shows signs that the current trend will end soon.
The higher-degree wave structure resembles a rising wedge. Within this five-wave structure, the formation of the wave [iv] is now being completed. As soon as it is formed, the market can begin to grow again.
At a lower degree of the wave structure, the development of a triple three, where the formation of wave (z) has completed, is seen.
Despite the current downward movement on the USDCHF chart, the situation may change soon. The corrective wave is close to completion, which may indicate the possibility of a price reversal.
In the current situation, it is worth paying more attention to long positions.
Alternative scenario
Short positions will be relevant after the breakout of the current wave start level