EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairUSDCHF
Publication Time12/2/21 6:38 AM
Direction Sell
Status Closed (0.9210)
6:32
6:32
Dec. 2, 2021
Forecast
-60 p
0.9270
Stop Loss
0.9210
Entry
+65 p
0.9145
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell USDCHF.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. MVP line is above the price and acts as a resistance level.
  5. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.9145
    index: 1x 0.045562982559204s
t_/pages/forecast: 1x 0.042371034622192s
t_/common/header-new: 1x 0.024692058563232s
t_/common/head: 1x 0.018589019775391s
t_/common/footer-new: 1x 0.0034809112548828s
router_page: 1x 0.0016851425170898s
router: 1x 0.00084495544433594s
t_/common/cookie-banner: 1x 0.00070405006408691s
t_/popups/on-download: 1x 0.00058197975158691s
service-routes: 1x 0.00034904479980469s
t_/blocks/sidebar-afil: 1x 0.00029516220092773s
router_redirection: 1x 0.00016880035400391s
t_/popups/zoom: 1x 3.8862228393555E-5s
----- END OF DUMP (2024-04-20 13:37:04)  -----