USDCHF H1: Wave Analysis for the Asian Session on 30.7.2026

Despite the decline, there are signals on the USDCHF chart indicating a possible upcoming change in direction.
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.
The analysis of the wave structure on the lower time interval indicates the development of an upward impulse. The price forms the last wave (v). After its completion, the market may move into a correction.
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