Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

October 19, 2021 6:01:56 PM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.9185)
Oct. 19, 2021

-55 p
Stop Loss
+55 p
Target 1
Chart & Analyst Comments
  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. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. MVP line is above the price and acts as a resistance level.
  5. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.035333871841431s
t_/pages/forecast: 1x 0.031021118164062s
t_/common/header-new: 1x 0.019767045974731s
t_/common/head: 1x 0.016083002090454s
t_/common/footer-new: 1x 0.0025320053100586s
router_page: 1x 0.0018019676208496s
router: 1x 0.0008091926574707s
t_/popups/on-download: 1x 0.00049185752868652s
service-routes: 1x 0.00032186508178711s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 3.504753112793E-5s
----- END OF DUMP (2022-05-22 04:23:05)  -----