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

November 9, 2021 7:16:32 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9170)
7:13
7:13
Nov. 9, 2021

-50 p
0.9170
Stop Loss
0.9120
Entry
+55 p
0.9065
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  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. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  3. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  4. MVP line is above the price and acts as a resistance level.
  5. We are focused on the breakdown of the previous bottom, the target at the level of 0.9065.
    index: 1x 0.032524108886719s
t_/pages/forecast: 1x 0.030400037765503s
t_/common/header-new: 1x 0.01842999458313s
t_/common/head: 1x 0.015805959701538s
t_/common/footer-new: 1x 0.002216100692749s
router_page: 1x 0.0012221336364746s
router: 1x 0.00059008598327637s
t_/popups/on-download: 1x 0.00054001808166504s
service-routes: 1x 0.00024890899658203s
router_redirection: 1x 0.00011491775512695s
t_/popups/zoom: 1x 2.598762512207E-5s
----- END OF DUMP (2021-12-01 15:28:12)  -----