USD/CHF Elliott Wave technical analysis             

Function: Trend.                          

Mode: impulsive.                        

Structure: Blue wave 5.                        

Position: Black wave 1.                      

Direction next lower degrees: Black wave 2.                      

Details: Blue wave 4 of 1 looking completed at 0.90085, now blue wave 5 of 1 is in play.  

Wave cancel invalid level: 0.88948  

The USD/CHF Elliott Wave Analysis for the day chart provides insights into the potential price movements of the U.S. Dollar against the Swiss Franc, utilizing Elliott Wave principles for technical analysis.

Identified as a "Trend," the analysis suggests that the prevailing market direction aligns with the broader trend, indicating potential opportunities for traders to participate in the direction of the trend.

Described as "Impulsive" in mode, the analysis indicates that the current market movement exhibits characteristics of an impulsive wave pattern. This implies that the price is likely advancing in the direction of the trend with strong momentum, potentially offering trading opportunities for trend-following strategies.

The "STRUCTURE" is labeled as "blue wave 5," providing clarity on the current phase of the Elliott Wave cycle. This helps traders understand the stage of the trend and anticipate potential reversal points or continuation patterns.

Positioned as "black wave 1," the analysis highlights the specific phase of the Elliott Wave cycle within the current trend. This indicates that the market has completed a wave cycle and is potentially starting a new wave cycle in the direction of the trend.

In the "DIRECTION NEXT LOWER DEGREES" section, the analysis mentions "black wave 2," suggesting the potential direction for the next lower-degree wave within the Elliott Wave cycle. This implies that the market may experience a corrective wave before continuing its upward movement.

The "DETAILS" section notes that "blue wave 4 of 1 looking completed at 0.90085, now blue wave 5 of 1 is in play." This suggests that the corrective wave within the current wave cycle has potentially ended, and the market is now resuming its upward movement. Additionally, the wave cancel level is identified at 0.88948, providing a reference point for invalidating the wave count. Traders can utilize this information to assess potential trading opportunities and manage risk effectively.

USD/CHF day chart  

Chart

USD/CHF four-hour chart          

Function: Trend.                          

Mode: impulsive.                        

Structure: Blue wave 5.                        

Position: Black wave 1.                      

Direction next higher degrees: Blue wave 5 (may started)                        

Details: Blue wave 4 of 1 looking completed at 0.90085, now blue wave 5 of 1 is in play.  

Wave cancel invalid level: 0.88948  

The USD/CHF Elliott Wave Analysis for the 4-hour chart provides insights into the potential price movements of the U.S. Dollar against the Swiss Franc, employing Elliott Wave principles for technical analysis.

Identified as a "Trend," the analysis suggests that the prevailing market direction aligns with the broader trend, indicating potential opportunities for traders to participate in the direction of the trend.

Described as "Impulsive" in mode, the analysis indicates that the current market movement exhibits characteristics of an impulsive wave pattern. This implies that the price is likely advancing in the direction of the trend with strong momentum, potentially offering trading opportunities for trend-following strategies.

The "STRUCTURE" is labeled as "blue wave 5," providing clarity on the current phase of the Elliott Wave cycle. This helps traders understand the stage of the trend and anticipate potential reversal points or continuation patterns.

Positioned as "black wave 1," the analysis highlights the specific phase of the Elliott Wave cycle within the current trend. This indicates that the market has completed a wave cycle and is potentially starting a new wave cycle in the direction of the trend.

In the "DIRECTION NEXT HIGHER DEGREES" section, the analysis mentions "blue wave 5 (may have started)," suggesting the potential direction for the next higher-degree wave within the Elliott Wave cycle. This implies that the market may continue its upward movement, supporting the overall bullish trend.

The "DETAILS" section notes that "blue wave 4 of 1 looking completed at 0.90085, now blue wave 5 of 1 is in play." This suggests that the corrective wave within the current wave cycle has potentially ended, and the market is now resuming its upward movement. Additionally, the wave cancel level is identified at 0.88948, providing a reference point for invalidating the wave count. Traders can utilize this information to assess potential trading opportunities and manage risk effectively.

USDCHF

USD/CHF Elliott Wave technical analysis [Video]

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

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