USDCHF - Downward trend will continue, Short trade by market price recommended
July 7, 2020 5:50:16 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9415)
-74 p
0.9500
Stop Loss
0.9425
Entry
+74 p
0.9350
Target 1
+104 p
0.9320
Target 2
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 11
Buy or Sell
Chart & Analyst Comments
- Majority of traders are still holding onto Longs. This means we should continue to Sell USDCHF.
- 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.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
