Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

April 12, 2021 5:08:46 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.9245)
Apr. 12, 2021

-60 p
Stop Loss
+60 p
Target 1
+85 p
Target 2
Chart & Analyst Comments
  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. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact favors the Short Orders.
    index: 1x 0.034842967987061s
t_/pages/forecast: 1x 0.031353950500488s
t_/common/header-new: 1x 0.019509792327881s
t_/common/head: 1x 0.016096830368042s
t_/common/footer-new: 1x 0.0025529861450195s
router_page: 1x 0.0015549659729004s
router: 1x 0.00077581405639648s
t_/popups/on-download: 1x 0.00050687789916992s
service-routes: 1x 0.0003211498260498s
router_redirection: 1x 0.00016283988952637s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2022-07-02 01:38:07)  -----