Jump to content

Euro/U.S.Dollar (EURUSD) Day Hour Chart Elliott Wave Technical Analysis 12 September 23


Recommended Posts

EURUSD Elliott Wave Analysis Trading Lounge Day  Chart, 12 September 23
Euro/U.S.Dollar (EURUSD) Day Hour Chart
EURUSD Elliott Wave Technical Analysis
Function:  Counter Trend
Mode: impulsive  
Structure: black wave 3 of A
Position: wave A of 2/B
Direction Next lower Degrees: black wave 3 A continue
Details: black corrective wave 2  completed at 1.09466, now black wave 3 in play . Wave Cancel invalid level: 1.09466
 
The EURUSD Elliott Wave Analysis, dated 12 September 23, focuses on the daily chart of the Euro/U.S. Dollar currency pair (EURUSD). This analysis provides traders with valuable insights into potential market movements and wave patterns, applying the principles of Elliott Wave theory.
 
The analysis is categorized under the "Counter Trend" Function. This signifies that the primary objective is to identify potential counter trend movements within the market. Such insights are particularly useful for traders looking to capitalize on price reversals or corrections against the prevailing trend.
 
The Mode is described as "impulsive." This suggests that within the context of black wave 3 of A, a strong and forceful market movement is currently underway. Impulsive modes often indicate significant price action and trading opportunities that align with the prevailing trend.
 
The Structure identifies the market phase as black wave 3 of A. This provides clarity regarding the current position within the broader Elliott Wave pattern. It indicates that the market is currently navigating the third wave of wave A, which is valuable information for traders.
 
The Position details that the market is presently in wave A of 2/B, emphasizing its location within the broader Elliott Wave structure. Traders can utilize this information to understand the market's current status relative to the overall pattern.
 
The Direction Next Lower Degrees specifies that the market is continuing with black wave 3 of A. This particular wave is an essential component of the broader Elliott Wave pattern and is expected to persist.
 
In summary, the EURUSD Elliott Wave Analysis for 12 September 23, offers traders insights into potential counter trend movements within the EURUSD currency pair. By examining the Function, Mode, Structure, Position, and Direction, traders can gain a deeper understanding of the market's dynamics and potentially make informed trading decisions. However, as with any trading analysis, it's crucial to supplement this information with additional technical and fundamental indicators for comprehensive trading decisions and effective risk management.
eurusddaychart.thumb.png.8915a327d1ea7983f52d9073abc33c6b.png
  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • The cryptocurrency world is no stranger to innovation, and Fartcoin is the latest example. Built on the Solana blockchain, Fartcoin is part of the Terminal of Truth project, which allows users to observe AI conversations without constraints. This project aims to explore the boundaries of AI and see if it can achieve surprising performance.   While some may see it as a novelty, others believe it could provide valuable insights into AI's capabilities. It's a unique approach that combines the worlds of cryptocurrency and artificial intelligence, and it will be interesting to see how it develops after its debut listing on tier 1 CEXs like Bitget. What are your thoughts on the intersection of AI and cryptocurrency?
    • hey everyone! The trading volume of Department Of Government Efficiency (DOGE) is $24,855,197 in the last 24 hours, representing a 240.10% increase from one day ago and signalling a recent rise in market activity. DOGEGOV can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Department Of Government Efficiency is Raydium (CLMM), where the most active trading pair DOGE/SOL has a trading volume of $1,361,819 in the last 24 hours. Other popular options include Bingx and other exchanges token prices increased by 75% in just 24 hours, reaching $0.163. This surge contributes to an impressive weekly gain of 291%, outpacing the performance of its namesake inspiration, Dogecoin. the token just recorded The trading volume spiked 220% to over $17 billion in the last 24 hours, making it the fourth-most traded cryptocurrency in the said period. what do you have to say about this?  let have more insight
    • Mobile Battle Royale games have taken the gaming world by storm. Titles like Fortnite and PUBG Mobile have dominated the market. Now, a new wave of games, such as Blast Royale, is leveraging blockchain technology to revolutionize the genre. By integrating blockchain, games like Blast Royale allow players to truly own their in-game assets. This means players can trade or sell items they've earned, adding a new dimension of value and engagement. The community-driven approach of these games is another key factor. Players actively participate in shaping the game's future, fostering a strong bond between developers and the community. This ensures the game evolves in line with player preferences. With the upcoming listing of the $NOOB token on exchanges like Bitget, the future of blockchain-powered Battle Royale games looks promising. This technology has the potential to take the genre to new heights.  
×
×
  • Create New...
us