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

February 15, 2021 7:12:21 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.889)
7:10
7:10
Feb. 15, 2021

-50 p
0.8865
Stop Loss
0.8915
Entry
+50 p
0.8965
Target 1
Chart & Analyst Comments
USDCHF - Downward trend will continue, Short trade by market price recommended
  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. We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. The idea of ​​this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
  5. 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.