So, the Swiss Franc is generally used as a reserve currency. Something different from The Reserve Currency, but similiar. During times of high volatility investors look to throw their money in safe haven currencies like the Swiss to protect from the wild whipsaws of the market.
So, here on the swiss there are no Harmonic Patterns to speak of so the COT data will have to work.
So, what we have is the Swissie is the Non-Coms took a major step foraward toward the Zero Line.
The commercials have further increased their longs to 16,366 which is a 1,934 increase from 14,432 and the Non-Coms are really increasing their shorts by double. We went from 4,375 to 8,697 orders short which is an increase of 4,322.
Now on to the Net data:
the Commercials:
current- (4,280) // Previous- (7,754)
Non-Coms
Current- 1,766 // Previous- 8,989
So as you can see we have taken major steps to the zero line especially in regards to the Non-Coms which i think the Swiss' bull run is coming to an end, and it might be wise to plan on shorting the Swiss here pretty soon.
So, here on the swiss there are no Harmonic Patterns to speak of so the COT data will have to work.
So, what we have is the Swissie is the Non-Coms took a major step foraward toward the Zero Line.
The commercials have further increased their longs to 16,366 which is a 1,934 increase from 14,432 and the Non-Coms are really increasing their shorts by double. We went from 4,375 to 8,697 orders short which is an increase of 4,322.
Now on to the Net data:
the Commercials:
current- (4,280) // Previous- (7,754)
Non-Coms
Current- 1,766 // Previous- 8,989
So as you can see we have taken major steps to the zero line especially in regards to the Non-Coms which i think the Swiss' bull run is coming to an end, and it might be wise to plan on shorting the Swiss here pretty soon.