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

June 15, 2021 3:08:33 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.905)
15:00
15:00
Jun. 15, 2021

-65 p
0.9050
Stop Loss
0.8985
Entry
+65 p
0.8920
Target 1
+90 p
0.8895
Target 2
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. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. 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.