FXF Invesco Currency Shares Swiss Franc Trust
Swiss Franc CHF -- via stock FXF
The USD (I track through DXY) is king for now, and causing/will cause a whole lot of problems globally.
I'm looking for entry to the Swiss Franc, a longer term play, via the stock FXF, which I have traded in the past but have no shares in, as I type this.
Technical - note the Bullish Divergence on the Relative Strength Indicator (RSI) vs Price Action. Note the red TA line for price action, but the revel of the RSI, with a Green Line I drew. Let's watch that line.
(as an aside and total divergence of my own... I conduct 90% of my TA on the Daily....but..... use 4hr for cryptos, as well as daily separate charts with Ichimuku....also, I confer every few weeks on the Weekly candles for mainstream stocks)
I'm using the Elliott Wave (EW) counts here (ABCDE and Corrective ABC) -- importantly --- NOW that price action has revealed itself, as a projection - as possibility of future price action.
Strategically, I'm looking at FXF again, as the world is entering a war period, and, Swiss Frac has traditionally been a hedge against the chaos of war.
Best wishes out there ---
The USD (I track through DXY) is king for now, and causing/will cause a whole lot of problems globally.
I'm looking for entry to the Swiss Franc, a longer term play, via the stock FXF, which I have traded in the past but have no shares in, as I type this.
Technical - note the Bullish Divergence on the Relative Strength Indicator (RSI) vs Price Action. Note the red TA line for price action, but the revel of the RSI, with a Green Line I drew. Let's watch that line.
(as an aside and total divergence of my own... I conduct 90% of my TA on the Daily....but..... use 4hr for cryptos, as well as daily separate charts with Ichimuku....also, I confer every few weeks on the Weekly candles for mainstream stocks)
I'm using the Elliott Wave (EW) counts here (ABCDE and Corrective ABC) -- importantly --- NOW that price action has revealed itself, as a projection - as possibility of future price action.
Strategically, I'm looking at FXF again, as the world is entering a war period, and, Swiss Frac has traditionally been a hedge against the chaos of war.
Best wishes out there ---