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.
