USDCHF - Downward trend will continue, Short trade by market price recommended
July 27, 2020 2:28:00 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9155)
-60 p
0.9260
Stop Loss
0.9200
Entry
+55 p
0.9145
Target 1
+80 p
0.9120
Target 2
About Author
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 1
Buy or Sell
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:
- 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.
- The idea of this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
- 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.