Black Friday Deal Black Friday Offer: Get a Lifetime Plan With 70% Discount! See Pricing Only till NOV, 28

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

November 4, 2019 6:07:17 PM by Patrick Yang
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9985)
Start
End
Nov. 4, 2019
Nov. 11, 2019

-115 p
0.9985
Stop Loss
0.9870
Entry
+120 p
0.9750
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell USDCHF.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
  4. MVP line is above the price and acts as a resistance level.
  5. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.035578012466431s
t_/pages/forecast: 1x 0.032135009765625s
t_/common/header-new: 1x 0.020720958709717s
t_/common/head: 1x 0.016630172729492s
t_/common/footer-new: 1x 0.0024440288543701s
router_page: 1x 0.0015008449554443s
router: 1x 0.00067996978759766s
t_/popups/on-download: 1x 0.00052595138549805s
service-routes: 1x 0.00027990341186523s
router_redirection: 1x 0.00013089179992676s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2022-11-26 19:40:11)  -----