USDCHF - Downward trend will continue, Short trade by market price recommended

August 2, 2021 8:32:17 AM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (0.9035)
Aug. 2, 2021

-60 p
Stop Loss
+60 p
Target 1
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.03354287147522s
t_/pages/forecast: 1x 0.030600070953369s
t_/common/header-new: 1x 0.019534826278687s
t_/common/head: 1x 0.015941858291626s
t_/common/footer-new: 1x 0.0025200843811035s
router_page: 1x 0.0016181468963623s
router: 1x 0.00073504447937012s
t_/popups/on-download: 1x 0.00049996376037598s
service-routes: 1x 0.00030803680419922s
router_redirection: 1x 0.00012803077697754s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2023-01-31 09:50:01)  -----