- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- MVP line is above the price and acts as a resistance level.
- The first target is at the level of the previous bottom - 0.912, and the second one, in case of an active price decrease, is at the level - 0.91
USDCHF - Downward trend will continue, Short trade by market price recommended
December 24, 2021 12:17:18 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9175)
-55 p
0.9230
Stop Loss
0.9175
Entry
+55 p
0.9120
Target 1
+75 p
0.9100
Target 2
Chart & Analyst Comments
