There is a trade opportunity based on a potential Trend Line breakout in the Swiss Franc futures market.
The shocking election results on Tuesday caused a harsh, knee-jerk reaction in many financial and commodity markets.
Death and Pestilence off of Brexit has failed to surface so far!
The Swiss Franc, created in 1798 by Swiss cantons, was made the official monetary unit of Switzerland and Lichtenstein in 1859 after the issue of money was restricted to the federal government.
We have to predict a major agricultural and financial juncture just ahead.
It’s Webinar Wednesday! Pull up a stool and join us at the CHART WATCH! webinar this afternoon at 2:00p (cst)
Last week Friday, we took a look at a few markets that had pronounced trendlines, stochastics and 20 day moving averages worth taking a look at. Today, lets take a look at a few BEAR flags that have formed over the past week!
From the overnight session, the aussie is up 15, the pound is up 24, the euro is up 74, the yen is down 4, the swiss is up 62, the dollar is down 39.
The US recovery has continued and Euro zone 3rd quarter growth has been slightly better than some expectations, but global economic sentiment is still not strong enough to temper bearish sentiment toward most commodity markets.
Today’s Pre-Dawn will be dedicated to trendlines and stochastics and I will highlight 4 markets worth a good look (with the charts attached).