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

December 24, 2021 12:17:18 PM by Alex Zarevich
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9175)
13:14
13:14
Dec. 24, 2021

-55 p
0.9230
Stop Loss
0.9175
Entry
+55 p
0.9120
Target 1
+75 p
0.9100
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  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 activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. 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
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