- 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 activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- 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
January 5, 2023 10:55:35 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9340)
-70 p
0.9340
Stop Loss
0.9270
Entry
+70 p
0.9200
Target 1
+95 p
0.9175
Target 2
Chart & Analyst Comments
