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

December 16, 2019 7:46:56 AM by Patrick Yang
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9800)
Start
End
Dec. 16, 2019
Dec. 23, 2019

-150 p
0.9980
Stop Loss
0.9830
Entry
+145 p
0.9685
Target 1
Chart & Analyst Comments
main-sell-market-trend-1

We are expecting downward trend to continue for USDCHF currency pair. Short trades only. See below for the summary of analysis:

  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. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. 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.
  5. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.035817861557007s
t_/pages/forecast: 1x 0.032561063766479s
t_/common/header-new: 1x 0.020140886306763s
t_/common/head: 1x 0.016443014144897s
t_/common/footer-new: 1x 0.002687931060791s
router_page: 1x 0.0017600059509277s
router: 1x 0.00083708763122559s
t_/popups/on-download: 1x 0.00050592422485352s
service-routes: 1x 0.00035595893859863s
router_redirection: 1x 0.00014996528625488s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2022-05-19 03:01:05)  -----