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  • Tuesday, 12 February 2019

    Dollar Swiss(USDCHF) reaches Institutional Supply Zone

    We have awaited for price to reach the supply zone in the recent weeks as the pair has been bullish due to a gain in the Dollar index. we have taken UsdChf into great consideration as it is a pair which will greatly respond to the dollars expected weakness in the markets.














    UsdChf Technicals

    We have been patiently waiting for this pair to reach our long waited sell entry level 1.00870, we will be looking for possible sell signals on this pair. we will be expecting to see price action sell setups on the Sell Zone and please avoid buying at the Zone as it is an area off high supply, just focus on sell positions only. 

    Looking on the daily chart price is currently sitting at a resistance zone which will cause a sell off this week looking to push price below 1.00000 in the upcoming trading week. we will have level 0.99050 as our first target and then price can further push as far as up to level 0.95680 which is our measured price target. 


    We Believe this technical article will provide great assistance to your trading, please trade with care and don't forget to subscribe to our mail box for updates of our posts.

    Sifiso Nkwanyana

    Author & Editor

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