The market has stabilized, the first signs of a downtrend appeared

July 3, 2019 7:11:36 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9825)
7:01
7:01
Jul. 3, 2019

-64 p
0.9890
Stop Loss
0.9825
Entry
+60 p
0.9765
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratios indicator, which is used to quickly assess market sentiment, currently signals sell.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
  4. MVP line is above the price and acts as a resistance level.