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

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

January 13, 2020 7:47:03 PM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (0.9682)
Jan. 13, 2020
Jan. 20, 2020

-130 p
Stop Loss
+125 p
Target 1
Chart & Analyst Comments

Falling price is accompanied by minor retracement with the formation of resistance at their respective peaks.

  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. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  3. MVP line is above the price and acts as a resistance level.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.036394834518433s
t_/pages/forecast: 1x 0.032871961593628s
t_/common/header-new: 1x 0.02024507522583s
t_/common/head: 1x 0.01685094833374s
t_/common/footer-new: 1x 0.0025689601898193s
router_page: 1x 0.0018529891967773s
router: 1x 0.00089406967163086s
t_/popups/on-download: 1x 0.00052714347839355s
service-routes: 1x 0.00036811828613281s
router_redirection: 1x 0.00015091896057129s
t_/popups/zoom: 1x 1.7881393432617E-5s
----- END OF DUMP (2022-05-19 02:42:05)  -----