USDCHF - Downward trend will continue, Short trade by market price recommended
July 22, 2020 9:46:44 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9265)
-74 p
0.9410
Stop Loss
0.9335
Entry
+70 p
0.9265
Target 1
+90 p
0.9245
Target 2
About Author
Alexander Zorevyk
Expert
Related Links
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Total votes: 12
Buy or Sell
Chart & Analyst Comments
- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- The drop in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the downward movement.
