Swiss index Bearish With High Probability!Hello ladies and gentlemen,
according to my chart analysis of the index swiss, there is a high probability of a decline towards the $7800 level in the next few weeks!
Switzerland SMI Futures : Long ==> + % 3.05 Hi.
Reference Length = 337 bars (56 1D Bars)
Percentage change of Stock Market Terminal in the process of 337 bars:
Parameters
Position Size : %1 (0.01)
Leverage : 50x
Risk/Reward Ratio : 3.00
Stop-Loss : 10019
Goal : 10430
Regards.
FSMI Short. The 44 period MA is virtually flat, signalling a pullback.
All the technical indicators in the lower pane are also pointing towards a significant decline on multiple timeframes.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of SMI Futures is 11,797 CHF — it has fallen −1.04% in the past 24 hours. Watch SMI Futures price in more detail on the chart.
The volume of SMI Futures is 29.45 K. Track more important stats on the SMI Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For SMI Futures this number is 167.78 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for SMI Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for SMI Futures. Today its technical rating is strong sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of SMI Futures technicals for a more comprehensive analysis.