CHF - 1h - slow moving but powerful - some say it might be the new reserve currency if USD falls {image}
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CHF looking better - flat lined on the 4d road - twin divergence these are quite powerful - also CAD, the definition of trying to catch a falling knife - but whats the risk flow - and what are the best expressions
{quote} Looks to be a trine forming amongst the indices - USD CHF JPY - these 3 together represent 1 of the risk flows - USD is forming a bearish divergence and CHF is forming a bullish divergence - JPY is sitting in some kind of triangle larger cup n handle - technically it looks like CHF and JPY will rise and USD will fall but we dont know for sure because of current macro situations specifically USD and JPY - u can see EUR GBP or AUD are inside there structures and aint really screaming out leading moves - lets take a quick look at USD crosses...
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so before market open I posted this - we could have assumed a risk off flow was incoming - USD CHF JPY harmonizing specifically USD and CHF and with our prev observations on CHF diverging we did get some clean expressions AUDCHF NZDCHF EURCHF GBPCHF - risk off was the theme and when risk is off AUD NZD absorb the other side which means they go down - seen it clean here -
CHF - AUDCHF NZDCHF ERUCHF GBPCHF off the divergence - most look clean depending how u analyze but the 1 that stood out was AUDCHF - risk off, AUD down
