Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

July 27, 2020 2:28:00 PM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.9155)
Jul. 27, 2020

-60 p
Stop Loss
+55 p
Target 1
+80 p
Target 2
Chart & Analyst Comments

For today's forecast, we recommend a Sell Order at this recommended market price - 0.92. This idea is based on the following analysis:

  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. The idea of ​​this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
  3. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
    index: 1x 0.9928150177002s
router: 1x 0.95864295959473s
t_/pages/forecast: 1x 0.031407117843628s
t_/common/header-new: 1x 0.019538879394531s
t_/common/head: 1x 0.016103029251099s
t_/common/footer-new: 1x 0.0028359889984131s
router_page: 1x 0.001453161239624s
t_/popups/on-download: 1x 0.00052618980407715s
service-routes: 1x 0.00027894973754883s
router_redirection: 1x 0.00012683868408203s
t_/popups/zoom: 1x 1.6212463378906E-5s
----- END OF DUMP (2022-07-05 19:20:07)  -----