- 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.
- MVP line is above the price and acts as a resistance level.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- The first target is at the level of the previous bottom - 0.9345, and the second one, in case of an active price decrease, is at the level - 0.93
USDCHF - Downward trend will continue, Short trade by market price recommended
November 16, 2022 9:08:46 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9480)
-70 p
0.9490
Stop Loss
0.9420
Entry
+75 p
0.9345
Target 1
+120 p
0.9300
Target 2
Chart & Analyst Comments
