Swiss Franc CHF -- via stock FXF The USD (I track through DXY) is king for now, and causing/will cause a whole lot of problems globally. I'm looking for entry to the Swiss Franc, a longer term play, via the stock FXF, which I have traded in the past but have no shares in, as I type this. Technical - note the Bullish Divergence on the Relative Strength Indicator...
This chart is COMPLETELY UNTOUCHED from its original publication a month ago. I added the RED "ENTRY" and "EXIT" circles to show the trade. Swiss Franc followers may look at this lift to a new breakout as a decent place to exit longs established against massive support down under the 104 level. I don't have any news to help justify the exit, but this is a...
Wave after wave of selling has driven the Swiss Franc back to new lows over the previous 6 months. Note the psychological breaks of support that should wipe out any "weak" holders of FXF. With Gold on a rebound from the $1500 level and with ongoing trouble in Euro-Land, it would appear that this is a safe entry at the lowest risk. Should FXF break 102, I would...
Upside potential still remains to 115 from this 111-107 base pattern. The odds for this trade get much better as you approach the base at 111 for an entry, however, the odds are a roughly 50/50 here as the upside is 2.7 points and the downside is 2.3 points. With all of the problems with European banks, why not have some exposure to the safest banking system in...