USDCHF - Upward trend will continue, Long trade by market price recommended

September 17, 2019 6:04:54 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Buy
StatusClosed (0.9965)
5:55
5:55
Sep. 17, 2019

+50 p
0.9965
Target 1
0.9915
Entry
-55 p
0.9860
Stop Loss
Chart & Analyst Comments
USDCHF - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratios indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  4. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing take profit according to our forecast.