- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- MVP line is above the price and acts as a resistance level.
- 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
USDCHF - Downward trend will continue, Short trade by market price recommended
August 15, 2022 10:12:39 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9530)
-75 p
0.9530
Stop Loss
0.9455
Entry
+85 p
0.9370
Target 1
+110 p
0.9345
Target 2
Chart & Analyst Comments
