USDCHF - Downward trend will continue, Short trade by market price recommended
December 16, 2019 7:46:56 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.98)
-150 p
0.9980
Stop Loss
0.9830
Entry
+145 p
0.9685
Target 1
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Total votes: 4
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Chart & Analyst Comments

We are expecting downward trend to continue for USDCHF currency pair. Short trades only. See below for the summary of analysis:
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.