=> Here we are tracking the Riksbank meeting on Wednesday with hikes expected to come in either December or February.
=> We expect December to remain on the cards and continue supporting a bullish SEK tone.
=> On the Swiss side, as you all know from our previous ideas Swiss investors positions in foreign assets remain largely FX hedged so there is little concern...
Seeing a nice long oppertunnity on CHFSEK .
After we broke the resistance we saw a sideways movement for a week, today we finally broke out.
We could see some nice upside movement here.
ML touch is highly likely for this pair before meeting the support mentioned in the monthly analysis. An interesting point is that the Stoch has been a very good signal provider throughout the entire price action in 2015, and the inner waves might be traded by crossovers therein. This should hold until the ML is hit. Thus, I am now waiting for a bullish crossover...
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...
Here is a DecisionBar Short Exhaustion signal on CHF/SEK. We'll look to enter a short trade on a trade below a previous bar's low. To Learn more about how to add DecisionBar Trading Software to your TradingView subscription, please visit: www.decisionbar.com