From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
The first step in approaching any market is to identify the primary trend.
Is price going up, down, or sideways? Simple!
But it’s easy to lose sight of the long-term trend sometimes, especially if you don’t zoom out enough. This is why our process of looking at monthly candlesticks is so important. It literally forces us to take a step back and focus on the structural trends at play.
And that’s exactly what we did in this week’s Currency Report. When looking through all of our monthly charts, the big picture view of the US Dollar / Swiss Franc pair really stood out. We’re going to discuss it in today’s post.
And Premium members, feel free to skip straight to the bottom of the page to access the report. Our feelings won’t be hurt. They really are some awesome charts.
Remember, we always want to be positioned in the direction of the underlying trend.