"Franc" enstein

Currency traders have created a monster, and a nightmare for the Swiss economy. The villagers are coming with the pitchforks though:

The trend lines demonstrate the metronome action of currency traders. Watch out when FXF hits that top return line.

On our indicators we see a "pop" on stochastics which is a drop and then pop back up to resistance. We see bearish divergence brewing on the composite and resistance on that indicator. Finally we see a downslope resistance line on the RSI.

This currency is a sharp knife because it can rally off of the dollar or the Euro. My guess however is that when the dollar rallies, the Franc will drop like an axe.