USDCHF - Downward trend will continue, Short trade by market price recommended
June 15, 2021 3:08:33 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.905)
-65 p
0.9050
Stop Loss
0.8985
Entry
+65 p
0.8920
Target 1
+90 p
0.8895
Target 2
About Author
Alexander Zorevyk
Expert
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Total votes: 1
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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.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- 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.
