USDCHF - Upward trend will continue, Long trade by market price recommended

July 30, 2019 5:38:18 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Buy
StatusClosed (0.9915)
5:35
5:35
Jul. 30, 2019

+54 p
0.9970
Target 1
0.9915
Entry
-55 p
0.9860
Stop Loss
Chart & Analyst Comments
USDCHF - Upward trend will continue, Long trade by market price recommended
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on USDCHF. As a result, we recommend considering only Long trades at this time.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.