USD/CHF Elliott Wave technical analysis [Video]

The technical analysis of USD/CHF using Elliott Wave theory provides valuable insights into the potential movements of the currency pair. The analysis focuses on the prevailing trend, impulsive behavior, and key levels where market shifts may occur.

In the daily chart analysis, the market is identified as displaying a consistent directional movement, categorized as a “Trend” with “impulsive” behavior. The structure is described as being in the blue wave 5 phase, indicating the final wave of an impulsive sequence. The position is noted as black wave 1, marking the beginning of a new cycle. The direction for the next higher degrees is expected to continue with blue wave 5. Details highlight the completion of blue wave 4 and the initiation of blue wave 5, with a wave cancel invalid level set at 0.90111.

Moving to the four-hour chart analysis, the market is again categorized as trending with impulsive behavior. The structure is identified as red wave 3, showing strong momentum within the Elliott Wave sequence. The position is specified as blue wave 5, representing a specific sub-wave within the larger structure. The expected direction for the next lower degrees is red wave 4, indicating a corrective phase following a significant impulsive move. Details suggest that red wave 2 is either completed or nearing its end, with red wave 3 anticipated to follow.

Overall, the analysis indicates ongoing trends with impulsive movements in both the daily and four-hour charts. Traders can use this information to understand the current market conditions and potential future movements in USD/CHF. The wave cancel invalid level at 0.90111 serves as a critical reference point for confirming or invalidating the current wave structure interpretation. The Importance of Regular Exercise for Overall Health

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