Swiss Franc Setup For Rebound

 

Swiss Franc Futures have triple bottomed at an area near resistance from the end of July.  MACD, Stochastics, and RSI haven’t completely reversed yet and the Persons Proprietary Signal has not indicated a buy yet.  This may be worth watching if it goes sideways for a bit and then reverses its downtrend.  The Chaikin Oscillator is about to move above 0 so this could indicate a bullish move on the Swiss Franc in the next few days.  Any negative news item from Europe should improve the value of the currency along with any discussions of QE3 from the US.

 

2011-08-22-6S_F-PROPHET

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