EN

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

September 19, 2022 10:05:39 AM by Alex Zarevich
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9635)
10:05
10:05
Sep. 19, 2022
-75 p
0.9740
Stop Loss
0.9665
Entry
+75 p
0.9590
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  4. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.959
    index: 1x 0.0331130027771s
t_/pages/forecast: 1x 0.030804872512817s
t_/common/header-new: 1x 0.020023822784424s
t_/common/head: 1x 0.017119884490967s
t_/common/footer-new: 1x 0.0024280548095703s
router_page: 1x 0.001115083694458s
router: 1x 0.00062799453735352s
t_/popups/on-download: 1x 0.00053620338439941s
service-routes: 1x 0.0002589225769043s
router_redirection: 1x 0.00011301040649414s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2023-02-02 15:23:02)  -----