USDCHF - Upward trend will continue, Long trade by market price recommended

May 12, 2022 7:40:33 AM by Alex Zarevich
Forecast Details
PairUSDCHF
Direction Buy
StatusClosed (0.9930)
7:40
7:40
May 12, 2022

+70 p
1.0000
Target 2
+50 p
0.9980
Target 1
0.9930
Entry
-60 p
0.9870
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  4. The first target is at the level of the previous peak - 0.998, and the second one, in case of an active price increase, is at the level - 1
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