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

September 19, 2019 7:05:17 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Buy
StatusClosed (0.99)
7:00
7:00
Sep. 19, 2019

+60 p
1.0020
Target 1
0.9960
Entry
-60 p
0.9900
Stop Loss
Chart & Analyst Comments
USDCHF - Upward trend will continue, Long trade by market price recommended
  1. Analyzing the market sentiment with Current Ratios indicator, we see a formed signal that confirms our idea of Buy Order.
  2. The Ratios indicator demonstrates a market shift towards sellers. Their increase while the downward movement may indicate a successfully triggered trap. Possible price upward reversal.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. MVP line is below the price and acts as a support level.
  5. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.