The system generated a buy alert for CHF (6S Globex) on 3/18, FOMC day at 1.0166, and the trade is running away to the upside. The Swiss Franc retraced the entire bar that took the overnight market from .97 to 1.22 level. The program picked off a huge winner on the retrace from 1.1549 – 1.0166 ($17,287.5/contract profit). This was 3x avg historical win rate. We could easily see a fast move to 1.0688 Quarterly High level (Green dashed line) and above that there is space on the chart for a bigger move. More importantly, this trade reflects an intermediate pivot in the Dollar Index (DX). I could see the Swiss move to 1.07 in line with a down move in the Dollar Index to the 95 level. From there, the question is whether we see a hard, fast correction in the Dollar, with a subsequent recovery, or whether this latest signal (CHF + DX) is the early stages of a more protracted Dollar correction, reflationary signal to the commodity space, as per the breadth of money flow into commodities since latest FOMC.
Futures Trading 