The market has stabilized, the first signs of a downtrend appeared
July 15, 2019 1:02:01 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9805)
-84 p
0.9950
Stop Loss
0.9865
Entry
+100 p
0.9765
Target 1
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in long positions on USDCHF. As a result, we recommend considering only Short trades at this time.
- There is an increase in Sell Orders when the price attempts to move down. We expect an upward movement to eliminate the accumulated sellers. We recommend to set Sell Limit at 0.9865.
- We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
- MVP line is above the price and acts as a resistance level.