USDCHF Swap Zone

2022년 8월 18일

We have seen USDCHF come off a Major Supply Zone and test the Intermediate level.


We can see this as 3 tests of Intermediate Support


1. Test 1 - Immediate rejection with a double bottom with Reversal straight back to Supply.

2. Test 2 - Further movement into the Intermediate Demand and Bounce not making back to Supply.

3. Test 3 - A false break of the Demand area , tripping stops. Only a small reaction back up.

4. Test 4 - effective BREAKOUT of the intermediate support.

5. Test 5 - now we have Support Turn to Resistance and the creation of a SWAP ZONE.


The direction of price is likely now to the Major Demand Zone below. Suggested trade on chart