The USD/CHF Elliott Wave analysis on the daily chart gives us a glimpse into the current market trend and wave structure. The analysis points to the completion of orange wave 2 and the emergence of orange wave 3, with an invalidation level set at 1.88270. The trend is identified as impulsive, indicating strong directional movements, particularly focusing on orange wave 3 within the Elliott Wave structure. The next phase is expected to be orange wave 4, a corrective phase following the completion of the current impulsive wave.
Looking at the detailed analysis, the completion of orange wave 2 marks the end of a corrective phase, transitioning into the active phase of orange wave 3 characterized by robust market movements. The invalidation level at 1.88270 is crucial for confirming the current wave structure.
Moving to the 4-hour chart analysis, we see a similar pattern with the completion of orange wave 2 and the emergence of orange wave 3, with ongoing impulsive movements expected. The focus remains on orange wave 3 within the Elliott Wave structure, with the next higher degree direction pointing to the continuation of orange wave 3.
In conclusion, both the daily and 4-hour chart analyses highlight an impulsive trend within the Elliott Wave framework for USD/CHF. The market is currently in the active phase of orange wave 3, indicating strong market movements with the potential for significant directional changes. The invalidation level at 1.88270 is key for confirming the current wave structure.