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Well…the “Battle of the Chocolatiers” is about to commence!

You have the Belgian “Euros” on one side fortifying the garrisons, and the “Francs” of Switzerland preparing their strategy for attacking the trenches in Flanders.

What do we really have here?

Like the Euro Dollar and Swissy Dollar…we have two Armies both fighting for Supremacy of the Chocolate ( Foreign Exchange) Landscape!

As we covered yesterday…both are very similar, but are on opposite sides of the “Price Direction” battlefield.

Let’s take a look briefly at General Maud’s Belgian Euro battlefield, and Supreme Swiss Guard Tim’s Swissy battlefield and see where we are…

(click once for captures)

See how “vertical” the Flagpoles of the Swissy are?…not quite as “choppy” in Price action as the Bull Flagpoles on the Euro.

Volume here is a defining Factor in the differences between these two Units.

As we already know, the “Inverse” correlation between these two is high but not EXACT.

If they were, we would have true retrograde inversion in their Directionality.

So what elements make up these two Economies to make them different?

In the most basic view and for simplicity’s sake…Switzerland is a massive Importer of Minerals and Energy, since the majority of the country is beautiful landscape. The Swiss economy is almost “uni-lateral”…in that what it imports, it will process and resell on the Open markets. The primary Product Complex here being Chemicals.

Obviously, Banking and Insurance are vital to their economy and their heritage.

The EU, on the other hand,  is much more of a complex and “multi-lateral” Economy…in that it imports and exports and produces literally all criteria of Goods, Products, and Services.

With the 27-member “Nations” feeding their individual economies into the Euro, it is not surprising that the EU is the largest Exporting “Entity” in the world, and the 2nd largest Importer.

We see these elementary fundamental differences by observing the characterstics of Price action within the individual Units.

Tomorrow…we take a look at the where the ”Battle for Flanders” is progressing by watching the Chocolatiers “cross” their Spatulas and raise their Double-Boilers for battle in the Euro Swissy ”Cross” pair!  

Here’s a current view of the action…

P.S. - By the way…if you stop into the Webinars today… tell Maud her Euro Chocolatiers are winning!…

P.S.S. - Just don’t tell her my Swissy Chocolatiers have been winning for the previous few months in that lovely downtrend!…hee hee…