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
StatusMarket
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 Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. In this sideways movement, buying prevails in the market crowd. There seem to be a major player interest in a downward movement.
  3. Price increase is accompanied by reversal signals for Profit Ratio.
  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 trading idea.