EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairUSDCHF
Publication Time7/15/24 9:00 AM
Direction Sell
Status Closed (0.8965)
9:00
9:00
Jul. 15, 2024
Forecast
-25 p
0.8965
Stop Loss
0.8940
Entry
+30 p
0.8910
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDCHF. As a result, we recommend considering only Short trades at this time.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. MVP line is above the price and acts as a resistance level.
  4. The trade is aimed at the previous low breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 0.891
    index: 1x 0.051064014434814s
t_/pages/forecast: 1x 0.047746896743774s
t_/common/header-new: 1x 0.031518936157227s
t_/common/head: 1x 0.023736953735352s
t_/common/footer-new: 1x 0.0033159255981445s
t_/blocks/sidebar-afil: 1x 0.0017800331115723s
router_page: 1x 0.0012919902801514s
router: 1x 0.00088977813720703s
t_/common/cookie-banner: 1x 0.00068306922912598s
t_/popups/on-download: 1x 0.00063300132751465s
service-routes: 1x 0.00054311752319336s
router_redirection: 1x 0.00021696090698242s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2025-06-01 03:08:06)  -----