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

June 8, 2021 6:14:19 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.896)
6:13
6:13
Jun. 8, 2021

-75 p
0.9050
Stop Loss
0.8975
Entry
+80 p
0.8895
Target 1
Chart & Analyst Comments
USDCHF - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  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. The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. A decrease of USDCHF price is expected.
  4. MVP line is above the price and acts as a resistance level.
  5. The given Stop Losses of market participants are on the same level as the previous low, which will serve as the target for our trade.