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

January 30, 2020 7:31:55 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9630)
19:26
19:26
Jan. 30, 2020

-60 p
0.9750
Stop Loss
0.9690
Entry
+65 p
0.9625
Target 1
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. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.032818794250488s
t_/pages/forecast: 1x 0.029654026031494s
t_/common/header-new: 1x 0.018836975097656s
t_/common/head: 1x 0.015812873840332s
t_/common/footer-new: 1x 0.002547025680542s
router_page: 1x 0.0013761520385742s
router: 1x 0.00066804885864258s
t_/popups/on-download: 1x 0.00049805641174316s
service-routes: 1x 0.00022697448730469s
router_redirection: 1x 0.0001060962677002s
t_/popups/zoom: 1x 3.1948089599609E-5s
----- END OF DUMP (2022-07-05 18:16:07)  -----