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Csys
Dec 27, 2015 6:51 PM

CHFSEK weekly TA 

SWISS FRANC / SWEDISH KRONAICE

Description

Earlier I said I would choose CHFTRY as my second exotic pair, but that pair seemed pretty much like EURTRY, which shows that the primary force behind the bullish trends in those charts are coming is the overwhelming weakness of the Turkish currency, which annihilates the difference between CHF and EUR. So I skipped CHFTRY and tried another exotic, which is CHFSEK.

As is seen, the criss-cross pitchforks indicates the imminence of a strong support. It seems the downward action will continue until it reaches that point. Stoch divergence is highly likely, and has a confirming characteristic.
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