When the Price of Invesco Currencyshares Swiss Franc Trust ($FXF) Talks, People Listen

December 10, 2023, 05:30 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FXF

• Buy FXF slightly over 100.94 target 103.08 stop loss @ 100.65 Details

The technical summary data tells us to buy FXF near 100.94 with an upside target of 103.08. This data also tells us to set a stop loss @ 100.65 to protect against excessive loss in case the stock begins to move against the trade. 100.94 is the first level of support below 101.14 , and by rule, any test of support is a buy signal. In this case, support 100.94 is being tested, a buy signal would exist.

• Short FXF slightly under 103.08, target 100.94, stop loss @ 103.38 Details

The technical summary data is suggesting a short of FXF as it gets near 103.08 with a downside target of 100.94. We should have a stop loss in place at 103.38though. 103.08 is the first level of resistance above 101.14, and by rule, any test of resistance is a short signal. In this case, if resistance 103.08 is being tested, a short signal would exist.

Swing Trading Plans for FXF

• Buy FXF slightly over 101.85, target 102.49, Stop Loss @ 101.56 Details

If 101.85 begins to break higher, the technical summary data tells us to buy FXF just slightly over 101.85, with an upside target of 102.49. The data also tells us to set a stop loss @ 101.56 in case the stock turns against the trade. 101.85 is the first level of resistance above 101.14, and by rule, any break above resistance is a buy signal. In this case, 101.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FXF slightly near 101.85, target 100.94, Stop Loss @ 102.14. Details

The technical summary data is suggesting a short of FXF if it tests 101.85 with a downside target of 100.94. We should have a stop loss in place at 102.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 101.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FXF

• Buy FXF slightly over 101.50, target 101.94, Stop Loss @ 101.26 Details

If 101.50 begins to break higher, the technical summary data tells us to buy FXF just slightly over 101.50, with an upside target of 101.94. The data also tells us to set a stop loss @ 101.26 in case the stock turns against the trade. 101.50 is the first level of resistance above 101.14, and by rule, any break above resistance is a buy signal. In this case, 101.50, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FXF slightly near 101.50, target 100.94, Stop Loss @ 101.74. Details

The technical summary data is suggesting a short of FXF if it tests 101.50 with a downside target of 100.94. We should have a stop loss in place at 101.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 101.50, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Invesco Currencyshares Swiss Franc Trust (FXF) available here: FXF.

FXF Ratings for December 10:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	.00	98.80
P2	101.50	101.85	100.94
P3	101.94	102.49	103.08

AI Generated Signals for FXF

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Invesco Currencyshares Swiss Franc Trust (NYSE: FXF) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for FXF can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.