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Swiss

Swiss SMI at All-Time Highs*! Its worth pausing..*All time high ('ATH') on a Total Return basis (dividends reinvested) 1. SMI has rallied an incredible 4% month to date, 7% in 30 days. 2. 'ATH's are defined as a tops set and not surpassed for several quarters to years. 2. We distinguish between rallies below the 'ATH', and rallies above 'ATH'. 3.a. Rally to the 'ATH' (from below) can continue similar momentum for a couple more weeks, 3.b. Rally above the ATM tends to be marked by greater volatility, and pullbacks following on average 3 to 4% gains. We are in the latter. 4. The last 'ATH' was followed by a 14% pullback. 5. Relative Strength at extreme overbought. Trade idea: Short, but with a stop x% above current level to mitigate a further upswing. Up to you to decide x!
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by MVedra
AUDCHF 18 months Bearish FlagAussie has had a lot of bearish momentum against the Swiss. If a break occurs we'll be selling the massive 18 months weekly flag. Also, if it fails to break just yet, we'll be trading the break of the red trend line. Up to the new highs to then sell. This is a really long term set up that could give us massive returns. Have a great week. ------------ Aussie ha tenido un gran impulso bajista contra el Franco Suizo. Si ocurre una ruptura de la bandera masiva de 18 meses venderemos con una alta probabilidad y un alto riesgo/beneficio. Además, si no se rompe todavía, estaremos operando la ruptura de la línea de tendencia roja. Hasta los nuevos máximos para luego vender. Se trata de una configuración realmente a largo plazo que podría darnos retornos increíbles. Que tengáis una buena semana.
by lluiszardoya
2
USDCHF still appears weak, despite Monday’s recoveryUSD/CHF still appears weak, despite Monday’s recovery from a session low at 0.9896. At present, the pair is trading at 0.9944, a loss of 0.14% from Monday’s North American close. Support on a further move lower is at the mid-point of Monday’s long green candle, which comes in near the 0.9925 level and corresponds to a 61.8% retracement of the advance that took place off the low established in the latter part of March.
by Jadtecnic