Swiss franc futures show a selling opportunity with a downward trend and bearish MACD indicator. The Swiss franc has depreciated against the US dollar due to the Swiss National Bank’s dovish policy while the US economy shows strength. A move below 1.2630 support could lead to a selling opportunity with a downside target of 1.2300.

Trading commodity futures is volatile and risky. Consider your financial experience and resources before investing. Jim Wyckoff does not have positions in mentioned securities. Information is for informational purposes only. Source: Barchart.com.

Read more at Yahoo Finance: To Be Frank, It Is Time to Sell Swiss Franc Futures. Here’s Why.