The market has stabilized, the first signs of an uptrend appeared
May 11, 2020 5:42:49 AM
Forecast Details
PairUSDCHF
Direction
Buy
StatusClosed (0.9725)
+75 p
0.9800
Target 2
+50 p
0.9775
Target 1
0.9725
Entry
-55 p
0.9670
Stop Loss
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: 0
Buy or Sell
Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- There is an increase in the number of bears on the downward movement, followed by correction. We consider this movement as a trap for sellers and look forward for a continuation of the uptrend.
- We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting an upward movement.
- Here we see an accumulation of sellers "locked" with a loss positions. We consider this zone as a support.
- The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.
