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

August 12, 2019 6:46:26 AM by Patrick Yang
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9775)
Start
End
Aug. 12, 2019
Aug. 19, 2019

-84 p
0.9810
Stop Loss
0.9725
Entry
+90 p
0.9635
Target 1
Chart & Analyst Comments
USDCHF - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  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. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. The present level of MVP, which is above the current price, favors Sell Orders.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.