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

August 14, 2020 7:06:39 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9075)
7:00
7:00
Aug. 14, 2020

-75 p
0.9180
Stop Loss
0.9105
Entry
+75 p
0.9030
Target 1
+105 p
0.9000
Target 2
Chart & Analyst Comments
USDCHF - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. The present level of MVP, which is above the current price, favors Sell Orders.
  4. 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.