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

April 4, 2022 9:09:59 AM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (0.9250)
Apr. 4, 2022

-65 p
Stop Loss
+65 p
Target 1
+90 p
Target 2
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDCHF. As a result, we recommend considering only Short trades at this time.
  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. 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 - 0.92, and the second one, in case of an active price decrease, is at the level - 0.9175
    index: 1x 0.036795854568481s
t_/pages/forecast: 1x 0.032835006713867s
t_/common/header-new: 1x 0.020990133285522s
t_/common/head: 1x 0.017244815826416s
t_/common/footer-new: 1x 0.0026049613952637s
router_page: 1x 0.0020639896392822s
router: 1x 0.00083494186401367s
t_/popups/on-download: 1x 0.00054287910461426s
service-routes: 1x 0.00032806396484375s
router_redirection: 1x 0.00014019012451172s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2022-11-30 03:30:11)  -----