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

August 15, 2022 10:12:39 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9530)
10:12
10:12
Aug. 15, 2022

-75 p
0.9530
Stop Loss
0.9455
Entry
+85 p
0.9370
Target 1
+110 p
0.9345
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  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. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 0.937, and the second one, in case of an active price decrease, is at the level - 0.9345
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