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Commodity Chart - Swiss Franc Futures: Long Term Chart

Swiss Franc Analysis - June 29, 2006

Swiss Franc Futures - The Swiss Franc, along with other foreign currencies, has been in a bull market for several years now. Obviously, this can be attributed to the decline of the U.S. Dollar. Currencies are usually trending and normally don't trade sideways for a long time. A long-term trend for currencies normally lasts about 6-10 years. The Swiss Franc has been trending up for a few years and has consolidated recently. History dictates that the move should continue for several more years.

Outlook on Swiss Franc Futures: The common theme right now is to sell the Dollar and buy European Currencies. The Dollar does look like its trying to form a double bottom, technically. That is something to be aware of. Another sign is to watch out for the Treasury on whether they are concerned about the Dollar. If so, the trend might change and it could last for a long time. Also, watch for a 1-2-3 top if the market should move below the 75-76 level. That may confirm a top.