USDCHF - Upward trend will continue, Long trade by market price recommended

September 26, 2019 1:25:16 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Buy
StatusClosed (0.9935)
13:20
13:20
Sep. 26, 2019

+70 p
0.9990
Target 2
+50 p
0.9970
Target 1
0.9920
Entry
-60 p
0.9860
Stop Loss
Chart & Analyst Comments
USDCHF - Upward trend will continue, Long trade by market price recommended
  1. According to the Current Ratios indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. The first target is at the level of the previous peak - 0.997, and the second one, in case of an active price increase, is at the level - 0.999