USDCHF - Downward trend will continue, Short trade by market price recommended
August 14, 2020 7:06:39 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9075)
-75 p
0.9180
Stop Loss
0.9105
Entry
+75 p
0.9030
Target 1
+105 p
0.9000
Target 2
About Author
Alexander Zorevyk
Expert
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Total votes: 0
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Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- The present level of MVP, which is above the current price, favors Sell Orders.
- The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
