Australian Dollar/U.S.Dollar (AUDUSD) Day Chart.
AUD/USD Elliott Wave technical analysis
Function: Counter Trend as wave 2.
Mode: Corrective.
Structure: blue wave C of 2.
Position: Red wave 3.
Direction next higher degrees: Black wave 3.
Details: Blue wave C of 2 is in play and looking near to end as ending diagonal diagonal.
Wave Cancel invalid level: 0.62707.
The “AUDUSD Elliott Wave Analysis Trading Lounge Day Chart” dated February 15, 2024, delves into the intricate dynamics of the Australian Dollar/U.S. Dollar (AUDUSD) currency pair, utilizing Elliott Wave theory. Focused on the daily chart, this analysis provides a comprehensive understanding of potential price movements for traders seeking strategic insights.
Australian Dollar/U.S.Dollar (AUDUSD) 4 Hour Chart.
AUD/USD Elliott Wave technical analysis
Function: Counter Trend as wave 2.
Mode: Corrective.
Structure: Ending Diagonal as wave C.
Position: Red wave 3.
Direction next higher degrees: Black wave 3.
Details: Blue wave C of 2 is in play and looking near to end as ending diagonal diagonal . Wave Cancel invalid level: 0,62707.
The “AUDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart” dated February 15, 2024, provides a detailed exploration of the Australian Dollar/U.S. Dollar (AUDUSD) currency pair within the context of Elliott Wave theory. This analysis primarily focuses on the 4-hour timeframe, aiming to equip traders with valuable insights for navigating the market.
Technical Analyst: Malik Awais.
