USDCHF - Downward trend will continue, Short trade by market price recommended
February 15, 2021 7:12:21 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.889)
-50 p
0.8865
Stop Loss
0.8915
Entry
+50 p
0.8965
Target 1
About Author
Alexander Zorevyk
Expert
Related Links
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Total votes: 4
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- The idea of this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
- 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.
