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

May 27, 2020 7:30:38 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9680)
7:24
7:24
May 27, 2020

-50 p
0.9730
Stop Loss
0.9680
Entry
+50 p
0.9630
Target 1
+80 p
0.9600
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. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  4. MVP line is above the price and acts as a resistance level.
  5. 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 0.066245079040527s
t_/pages/forecast: 1x 0.062616109848022s
t_/common/header-new: 1x 0.050361156463623s
t_/common/head: 1x 0.017403125762939s
t_/common/footer-new: 1x 0.0026419162750244s
router_page: 1x 0.0016541481018066s
router: 1x 0.000762939453125s
t_/popups/on-download: 1x 0.00050497055053711s
service-routes: 1x 0.00029587745666504s
router_redirection: 1x 0.00014686584472656s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2022-07-05 19:19:07)  -----