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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-trend-2
Forecast Details
PairUSDCHF
Publication Time6/20/23 12:01 PM
Direction Sell
Status Closed (0.8970)
12:01
12:01
Jun. 20, 2023
Forecast
-70 p
0.9070
Stop Loss
0.9000
Entry
+70 p
0.8930
Target 1
+100 p
0.8900
Target 2
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Chart & Analyst Comments

main-sell-trend-2
  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 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.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
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