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

The market has stabilized, the first signs of a downtrend appeared

December 20, 2019 8:19:00 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9770)
8:16
8:16
Dec. 20, 2019

-50 p
0.9820
Stop Loss
0.9770
Entry
+45 p
0.9725
Target 1
Chart & Analyst Comments
main-sell-trend-2

For this forecast, we recommend to set Sell Limit at the following price - 0.977. This idea is based on the following analysis:

  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The idea of ​​this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.037652969360352s
t_/pages/forecast: 1x 0.033788919448853s
t_/common/header-new: 1x 0.0223069190979s
t_/common/head: 1x 0.016762018203735s
t_/common/footer-new: 1x 0.0026719570159912s
router_page: 1x 0.0015971660614014s
router: 1x 0.00072407722473145s
t_/popups/on-download: 1x 0.00052595138549805s
service-routes: 1x 0.00030398368835449s
router_redirection: 1x 0.0001521110534668s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2022-07-05 18:17:07)  -----