U.S.Dollar/Swiss Franc (USD/CHF) Elliott Wave Technical Analysis 1 March 24

USD/CHF Elliott Wave Analysis Trading Lounge Day Chart, 1 March 24  

U.S.Dollar/Swiss Franc (USD/CHF) Day Chart

USD/CHF Elliott Wave Technical Analysis

FUNCTION: Trend  

MODE: Impulsive  

STRUCTURE: blue wave 1  

POSITION: Black wave 3  

DIRECTION NEXT LOWER DEGREES:blue wave 1 (started)  

DETAILS: blue wave Y of 2 looking completed at 0.88958 . Now blue wave 1 of 3 is in play . Wave Cancel invalid level: 0.88958  

The “USD/CHF Elliott Wave Analysis Trading Lounge Day Chart” dated 1 March 24, provides an in-depth examination of the U.S. Dollar/Swiss Franc (USD/CHF) currency pair using Elliott Wave analysis. The analysis, conducted on the daily chart, is geared towards understanding the prevailing trend dynamics and forecasting potential future movements within the broader wave structure.

The identified “FUNCTION” is “Trend,” indicating that the analysis is primarily concerned with identifying and navigating the existing trend in the USD/CHF pair. The focus is on capturing the directional movement of prices over a more extended period.

USD/CHF Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 1 March 24  

U.S.Dollar/Swiss Franc (USD/CHF) 4 Hour Chart

USD/CHF Elliott Wave Technical Analysis

FUNCTION: Trend  

MODE: Impulsive  

STRUCTURE: blue wave 1  

POSITION: Black wave 3  

DIRECTION NEXT LOWER DEGREES:blue wave1 (started)  

DETAILS: blue wave Y of 2 looking completed at 0.88958 . Now blue wave 1 of 3 is in play . Wave Cancel invalid level: 0.88958  

The “USD/CHF Elliott Wave Analysis Trading Lounge 4 Hour Chart” dated 1 March 24, presents a detailed technical analysis of the U.S. Dollar/Swiss Franc (USD/CHF) currency pair using Elliott Wave principles. The analysis primarily focuses on the 4-hour chart, emphasizing the current phase and potential future movements within the broader structure.

The identified “FUNCTION” is “Trend,” indicating that the analysis is oriented towards capturing and understanding the prevailing direction of the market. In this case, the emphasis is on recognizing and navigating the existing trend in the USD/CHF pair.

Technical Analyst : Malik Awais

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