USDCHF - Downward trend will continue, Short trade by market price recommended

May 30, 2022 4:13:16 PM by Alex Zarevich
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9640)
16:13
16:13
May 30, 2022

-65 p
0.9640
Stop Loss
0.9575
Entry
+55 p
0.9520
Target 1
+75 p
0.9500
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. The Ratios indicator demonstrates a market shift towards buyers. Their increase while the upward movement may indicate a successfully triggered trap. Possible price downward reversal.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 0.952, and the second one, in case of an active price decrease, is at the level - 0.95
    index: 1x 0.035082101821899s
t_/pages/forecast: 1x 0.032068967819214s
t_/common/header-new: 1x 0.020331859588623s
t_/common/head: 1x 0.016189098358154s
t_/common/footer-new: 1x 0.0027000904083252s
router_page: 1x 0.0015909671783447s
router: 1x 0.00078010559082031s
t_/popups/on-download: 1x 0.00054812431335449s
service-routes: 1x 0.00030994415283203s
router_redirection: 1x 0.00014281272888184s
t_/popups/zoom: 1x 4.1007995605469E-5s
----- END OF DUMP (2022-11-30 04:03:11)  -----