USDCHF - Upward trend will continue, Long trade by market price recommended

October 3, 2019 6:36:47 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Buy
StatusClosed (1)
6:34
6:34
Oct. 3, 2019

+55 p
1.0055
Target 1
1.0000
Entry
-50 p
0.9950
Stop Loss
Chart & Analyst Comments
USDCHF - Upward trend will continue, Long trade by market price recommended
  1. The current market situation looks like the attempt of sellers to average or enter the market at the peak. This is confirmed by the Current Ratios indicator.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.