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

July 22, 2020 9:46:44 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.9265)
Jul. 22, 2020

-75 p
Stop Loss
+70 p
Target 1
+90 p
Target 2
Chart & Analyst Comments
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
  2. We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. 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.
    index: 1x 0.032603979110718s
t_/pages/forecast: 1x 0.029645204544067s
t_/common/header-new: 1x 0.018753051757812s
t_/common/head: 1x 0.015850782394409s
t_/common/footer-new: 1x 0.0021231174468994s
router_page: 1x 0.0012891292572021s
router: 1x 0.00062179565429688s
t_/popups/on-download: 1x 0.00046706199645996s
service-routes: 1x 0.0002601146697998s
router_redirection: 1x 0.0001220703125s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-01-16 21:17:01)  -----