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

February 3, 2022 5:26:01 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9240)
17:21
17:21
Feb. 3, 2022

-80 p
0.9290
Stop Loss
0.9210
Entry
+70 p
0.9140
Target 1
+110 p
0.9100
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  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 decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 0.914, and the second one, in case of an active price decrease, is at the level - 0.91
    index: 1x 0.034141063690186s
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