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

July 20, 2022 12:08:11 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed
12:08
12:08
Jul. 20, 2022

-65 p
0.9770
Stop Loss
0.9705
Entry
+65 p
0.9640
Target 1
+105 p
0.9600
Target 2
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. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
    index: 1x 0.03939414024353s
t_/pages/forecast: 1x 0.035722970962524s
t_/common/header-new: 1x 0.022345066070557s
t_/common/head: 1x 0.018157005310059s
t_/common/footer-new: 1x 0.0030319690704346s
router_page: 1x 0.0019869804382324s
router: 1x 0.00082898139953613s
t_/popups/on-download: 1x 0.00058197975158691s
service-routes: 1x 0.00031900405883789s
router_redirection: 1x 0.00014901161193848s
t_/popups/zoom: 1x 3.2186508178711E-5s
----- END OF DUMP (2022-08-08 08:31:08)  -----