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 going only long at this time.
  2. The Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. The decrease in the volume of buyers, together with the increase in the volume of sellers, 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 trading idea.