{"id":28733,"date":"2012-04-04T07:05:16","date_gmt":"2012-04-04T11:05:16","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/04\/chfjpy-bearish-correction-appears-to-be-on-the-horizon\/"},"modified":"2012-04-04T07:05:16","modified_gmt":"2012-04-04T11:05:16","slug":"chfjpy-bearish-correction-appears-to-be-on-the-horizon","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/04\/04\/chfjpy-bearish-correction-appears-to-be-on-the-horizon\/","title":{"rendered":"CHF\/JPY Bearish Correction Appears to be on the Horizon"},"content":{"rendered":"<p><strong>Source: <a href=\"http:\/\/www.forexyard.com\/landsys\/general_static\/en\/?pid=545&#038;mid=888&#038;cid=15844&#038;zid=15873\" target=\"_blank\">ForexYard<\/a><\/strong><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/6.jpg\" width=\"120\" alt=\"printprofile\" \/><\/p>\n<p>As the CHF\/JPY fails to reach the 89.50 level, various indication for a bearish correction suggest that the bullish momentum might have reached its end.<\/p>\n<p><span><\/span>\u2022\tThe chart below is the CHF\/JPY 4-hour chart by <a href=\"http:\/\/www.forexyard.com\">ForexYard<\/a>.<\/p>\n<p>\u2022\tThe technical indicators used are the Bollinger Bands, the Slow Stochastic, the MACDOsMA and the Relative Strength Index (RSI). The Fibonacci Retracement lines are used as well.<\/p>\n<p>\u2022\tA continuous of bearish crosses on the Slow Stochastic suggests that the bullish trend is losing steam.<\/p>\n<p>\u2022\tA bearish cross on the MACD indicates that a bearish correction is about to appear on the chart.<\/p>\n<p>\u2022\tThe RSI has picked at the over-bought zone and has now dropped below the 70 line, stating that a bearish reversal should be in place.<\/p>\n<p>\u2022\tThe Fibonacci Retracement lines show that the pair failed to reach the 89.50 resistant level, and is now range-trading around the 89.00 level.<\/p>\n<p>\u2022\tIt seems that if the pair will drop below the 88.80 level (i.e. drop below the 76.4% line), it might validate the bearish correction, with the potential to reach the 88.00 level).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2009\/09\/CHFJPY-4-hour.JPG\" alt=\"CHFJPY 4-hour\" title=\"CHFJPY 4-hour\" width=\"624\" height=\"701\" class=\"alignnone size-full wp-image-5575\" \/><\/p>\n<p><strong><a href=\"http:\/\/www.forexyard.com\/landsys\/general_static\/en\/?pid=545&#038;mid=888&#038;cid=15844&#038;zid=15873\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: ForexYard As the CHF\/JPY fails to reach the 89.50 level, various indication for a bearish correction suggest that the bullish momentum might have reached its end. \u2022 The chart below is the CHF\/JPY 4-hour chart by ForexYard. \u2022 The technical indicators used are the Bollinger Bands, the Slow Stochastic, the MACDOsMA and the Relative &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/04\/04\/chfjpy-bearish-correction-appears-to-be-on-the-horizon\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CHF\/JPY Bearish Correction Appears to be on the Horizon&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-28733","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/28733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=28733"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/28733\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=28733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=28733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=28733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}