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 0.37301778793335s
router: 1x 0.34143280982971s
t_/pages/forecast: 1x 0.029995918273926s
t_/common/header-new: 1x 0.019418954849243s
t_/common/head: 1x 0.016343116760254s
t_/common/footer-new: 1x 0.0025279521942139s
router_page: 1x 0.0011270046234131s
t_/popups/on-download: 1x 0.00057792663574219s
t_/common/cookie-banner: 1x 0.00038504600524902s
service-routes: 1x 0.00024509429931641s
t_/blocks/sidebar-afil: 1x 0.00019693374633789s
router_redirection: 1x 0.00012707710266113s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2024-10-29 11:59:10)  -----