Swiss Franc Pulls Back
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.
There’s not to much to look at again tonight.
The March Swiss Franc
(
SFH2 |
Quote |
Chart |
News |
PowerRating) is pulling back (a) after recently breaking
out from its moving averages (b). This action suggests that it may be in the
early phases of an uptrend. The March Euro
(
ECH2 |
Quote |
Chart |
News |
PowerRating) has formed a similar
pattern.
Follow Up/Looking Ahead
March Sugar
(
SBH2 |
Quote |
Chart |
News |
PowerRating) continues to sell off. It
might set up as a Bow Tie short soon.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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