- 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.
- There is an increase in the number of bulls on the upward movement, followed by correction. We consider this movement as a trap for buyers and look forward for a continuation of the downtrend.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- Set Take profit at the local price minimum.
USDCHF - Downward trend will continue, Short trade by market price recommended
June 28, 2022 8:49:51 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9545)
-55 p
0.9600
Stop Loss
0.9545
Entry
+65 p
0.9480
Target 1
Chart & Analyst Comments
