- 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.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- 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 - 0.92, and the second one, in case of an active price decrease, is at the level - 0.9175
USDCHF - Downward trend will continue, Short trade by market price recommended
April 4, 2022 9:09:59 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9250)
-65 p
0.9330
Stop Loss
0.9265
Entry
+65 p
0.9200
Target 1
+90 p
0.9175
Target 2
Chart & Analyst Comments
