Jump to content

U.S.Dollar/Swiss Franc(USDCHF) Day Chart Elliott Wave Technical Analysis 28 September 23


Recommended Posts

USDCHF Elliott Wave Analysis Trading Lounge Day Chart, 28 September 23
U.S.Dollar/Swiss Franc(USDCHF) Day Chart
USDCHF Elliott Wave Technical Analysis
Function:  Trend
Mode: impulsive
Structure: blue wave 3 of 1
Position: New Black Wave 1
Direction Next lower Degrees: wave 4 of 1  
Details:  blue wave 3 in play and near to end,after that blue corrective wave 4 will start. Wave Cancel invalid level: 0.88767
The USD/CHF Elliott Wave Analysis on 28 September 23, focuses on the daily chart of the U.S. Dollar/Swiss Franc (USD/CHF) currency pair, applying Elliott Wave theory to analyze potential market trends and price movements.
 
The analysis identifies its Function as "Trend," indicating a primary interest in identifying and interpreting market movements that align with the prevailing trend. In this context, the emphasis is on capturing potential impulsive moves that follow the dominant market direction.
 
The Mode is described as "impulsive," suggesting an expectation of strong and decisive price movement. This implies anticipation of significant and directional price shifts, characteristic of impulsive waves.
 
The Market Structure is characterized as "blue wave 3 of 1," highlighting the importance of wave 3 within a broader Wave 1 structure. This indicates that the analysis is primarily focused on understanding the development of this specific wave within the larger Elliott Wave framework.
 
The Position specifies that the analysis pertains to the "New Black Wave 1," signaling the initiation of a new wave cycle. This suggests the potential for a bullish phase within the market.
 
The Direction Next Lower Degrees points to "wave 4 of 1," signifying that the analysis is attentive to the ongoing development of the fourth sub-wave within the first wave of the new cycle.
 
In the Details section, it is noted that "blue wave 3" is currently in progress and is approaching its potential conclusion. Following the completion of this wave, the analysis anticipates the commencement of "blue corrective wave 4." The "Wave Cancel invalid level" is specified as 0.88767, serving as a reference level for risk management and potential trade entry or exit points.
 
In summary, the USD/CHF Elliott Wave Analysis on 28 September 23, suggests that the market is currently in a bullish trend, with a particular focus on the development of "blue wave 3" within this trend. Traders are advised to monitor the conclusion of this wave and prepare for the initiation of "blue corrective wave 4" as part of the broader wave structure. The specified invalid level serves as a reference point for managing trading risks.
usdchfdaychart.thumb.png.f22f51b619dd2470b8b3e3378d8aba21.png
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

    • Basically, they're letting creators mint NFTs and other digital stuff across multiple blockchains at once. Holograph isn't the only one trying to build bridges between blockchains. Projects like Omnibridge and Wormhole are also in the game, each with their own way of moving your digital assets around.  While Holograph focuses on this "native minting" thing across chains, other projects might be a better fit depending on what you need. Doing your research is key! Definitely something to consider. While Holograph recently scored a cool $11 million in funding, omnichain functionality is still pretty new. They've also got some interesting features, just landed on Bitget, and seems to be building an empire state. There could be bumps in the road, so be sure to do your own research and understand the potential risks. So, what do you think? Is Holograph the future of NFTs, or is it just a bunch of hype? Have you tried any other cross-chain solutions? Let's hear your thoughts in the comments!
    • May 22nd marks Bitcoin Pizza Day, a celebration of the first real-world transaction using Bitcoin. In 2010, Laszlo Hanyecz made history by offering 10,000 Bitcoins for two Papa John's pizzas, showcasing Bitcoin's practical potential. The cryptocurrency community commemorates this milestone with various events, including meetups, webinars, and giveaways. Bitget's Pizza Day Raffle is one such event, offering prizes in cryptocurrencies and tokens. Whether you're interested in Bitcoin's history, community, or uses, this event is worth exploring.
    • HashPack rocks. Their wallet's is easy to use, and they're everywhere in Hedera (dApps, DeFi, NFTs). The Bitget listing is gonna be insane for them.
×
×
  • Create New...
us