Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

December 2, 2021 6:38:58 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9210)
6:32
6:32
Dec. 2, 2021

-60 p
0.9270
Stop Loss
0.9210
Entry
+65 p
0.9145
Target 1
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 0.033601045608521s
t_/pages/forecast: 1x 0.030478954315186s
t_/common/header-new: 1x 0.019506931304932s
t_/common/head: 1x 0.015937089920044s
t_/common/footer-new: 1x 0.0024921894073486s
router_page: 1x 0.0017940998077393s
router: 1x 0.00078701972961426s
t_/popups/on-download: 1x 0.00049400329589844s
service-routes: 1x 0.00031590461730957s
router_redirection: 1x 0.00014281272888184s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-07-02 01:28:07)  -----