I am not a currency expert at all, but a chart is a chart and a breakout is a breakout. This is a nearly flawless bullish chart with the only negative being the high volume sell off on Friday. Other than that, this is a chart that should be bought on minor sell offs while keeping a close eye on on support levels.

Nearly inverse relationship between the Swiss Franc (red line) and the US Dollar (grey line).

Swiss Franc

One caveat to keep in mind. In recent months when the markets selloff, the Dollar has risen. If the markets recent rally stalls, I would keep an eye on the Dollar as it would most likely start to rally…which in my opinion is the last thing many believe will happen. That could be the contrarian play to watch.
Nasdaq relationship vs US Dollar



2 Responses to “Swiss Franc’s Recent Dominance”

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