- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- MVP line is above the price and acts as a resistance level.
- 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
USDCHF - Downward trend will continue, Short trade by market price recommended
February 3, 2022 5:26:01 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9240)
-80 p
0.9290
Stop Loss
0.9210
Entry
+70 p
0.9140
Target 1
+110 p
0.9100
Target 2
Chart & Analyst Comments
