Black Friday Deal Black Friday Offer: Get a Lifetime Plan With 70% Discount! See Pricing Only till NOV, 28

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

January 24, 2022 1:38:38 PM by Alex Zarevich
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9175)
13:36
13:36
Jan. 24, 2022

-50 p
0.9175
Stop Loss
0.9125
Entry
+55 p
0.9070
Target 1
+80 p
0.9045
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDCHF. As a result, we recommend considering only Short trades at this time.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  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 - 0.907, and the second one, in case of an active price decrease, is at the level - 0.9045
    index: 1x 0.057276964187622s
t_/pages/forecast: 1x 0.053906917572021s
t_/common/header-new: 1x 0.041855812072754s
t_/common/head: 1x 0.015826940536499s
t_/common/footer-new: 1x 0.002504825592041s
router_page: 1x 0.0015959739685059s
router: 1x 0.00072002410888672s
t_/popups/on-download: 1x 0.0005340576171875s
service-routes: 1x 0.00028896331787109s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 4.6968460083008E-5s
----- END OF DUMP (2022-11-26 19:57:11)  -----