5/17 Forex Update

CHF/NOK, which was within a single krone of breaking above the price channel at this morning's scan of the 124 pairs I follow, put on an extra push and broke out to bull phase later in the day.

It's not a trade that I would take on my own account. Short-term interest rates in Switzerland are 0.18%, and in Norway they're 2.67%. So, long positions are paying about 250 basis points in intrest for the privilege of existing.

sym	phase	adx	bday	blevel	stop	atr	atr%
CHF/NOK		29	may17	Nkr6.349	Nkr6.265	0.084	1.3%