Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity
EN

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 0.035932064056396s
t_/pages/forecast: 1x 0.032740116119385s
t_/common/header-new: 1x 0.020928144454956s
t_/common/head: 1x 0.017407894134521s
t_/common/footer-new: 1x 0.0025639533996582s
router_page: 1x 0.0017001628875732s
router: 1x 0.00080990791320801s
t_/popups/on-download: 1x 0.00051498413085938s
service-routes: 1x 0.00028800964355469s
router_redirection: 1x 0.00013589859008789s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2022-05-19 02:34:05)  -----