{"id":82761,"date":"2015-12-21T01:57:02","date_gmt":"2015-12-21T06:57:02","guid":{"rendered":"http:\/\/countingpips.com\/?p=82761"},"modified":"2015-12-21T01:57:02","modified_gmt":"2015-12-21T06:57:02","slug":"usdchf-has-finally-plunged-below-the-daily-pivot","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/usdchf-has-finally-plunged-below-the-daily-pivot\/","title":{"rendered":"USDCHF has finally plunged below the daily pivot."},"content":{"rendered":"<div id=\"inves-605502662\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 21, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<table class=\"technical-analysis\">\n<tbody>\n<tr>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/eurusd-technical-analysis.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-763\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/eurusd-technical-analysis.jpg\" alt=\"EURUSD Technical Analysis\" width=\"61\" height=\"20\" \/><\/a><\/td>\n<td class=\"title currency-pair\">EURUSD<\/td>\n<td class=\"title interval\">H4<\/td>\n<td><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2014\/03\/up-trend.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-765\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2014\/03\/up-trend.jpg\" alt=\"up-trend\" width=\"17\" height=\"20\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Resistance<\/td>\n<td class=\"resistance\">1.0887<\/td>\n<td class=\"resistance\">1.0915<\/td>\n<td class=\"resistance\">1.0957<\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Support<\/td>\n<td class=\"support\">1.0817<\/td>\n<td class=\"support\">1.0776<\/td>\n<td class=\"support\">1.0748<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Primary Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">EURUSD\u00a0is now heading towards the hurdle at 1.0887. A successful penetration of this level will fuel the pair further, targeting the resistance at 1.0915 and even higher at 1.0957.<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Alternative Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">A comeback of the exchange rate would push prices to find support at the daily pivot (1.0845) and then lower at 1.0817<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/EURUSDH413.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-10191\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/EURUSDH413-300x150.png\" alt=\"EURUSDH4\" width=\"300\" height=\"150\" \/><\/a><\/p>\n<table class=\"technical-analysis\">\n<tbody>\n<tr>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/gbpusd-technical-analysis.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-777\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/gbpusd-technical-analysis.jpg\" alt=\"GBPUSD Technical Analysis\" width=\"64\" height=\"20\" \/><\/a><\/td>\n<td class=\"title currency-pair\">GBPUSD<\/td>\n<td class=\"title interval\">H4<\/td>\n<td><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2014\/03\/up-trend.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-765\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2014\/03\/up-trend.jpg\" alt=\"up-trend\" width=\"17\" height=\"20\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Resistance<\/td>\n<td class=\"resistance\">1.4931<\/td>\n<td class=\"resistance\">1.4972<\/td>\n<td class=\"resistance\">1.4995<\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Support<\/td>\n<td class=\"support\">1.4867<\/td>\n<td class=\"support\">1.4844<\/td>\n<td class=\"support\">1.4803<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Primary Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">The pair is\u00a0gyrating the daily pivot point at 1.4908. If GBPUSD achieves to exceed the barrier at 1.4931, it will climb towards the resistance at 1.4972.<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Alternative Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">Alternatively, should the pair manage to break below the daily pivot, the next support is seen at 1.4867.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/GBPUSDH413.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-10192\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/GBPUSDH413-300x150.png\" alt=\"GBPUSDH4\" width=\"300\" height=\"150\" \/><\/a><\/p>\n<table class=\"technical-analysis\">\n<tbody>\n<tr>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/usdchf-technical-analysis.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-779\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/usdchf-technical-analysis.jpg\" alt=\"USDCHF Technical Analysis\" width=\"63\" height=\"20\" \/><\/a><\/td>\n<td class=\"title currency-pair\">USDCHF<\/td>\n<td class=\"title interval\">H4<\/td>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/down-trend.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-786\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/down-trend.jpg\" alt=\"Down Trend\" width=\"27\" height=\"20\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Resistance<\/td>\n<td class=\"resistance\">0.9954<\/td>\n<td class=\"resistance\">0.9995<\/td>\n<td class=\"resistance\">1.0015<\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Support<\/td>\n<td class=\"support\">0.9894<\/td>\n<td class=\"support\">0.9874<\/td>\n<td class=\"support\">0.9833<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Primary Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">USDCHF\u00a0has finally plunged below the daily pivot point (0.9934). Further drop of the market will push the pair to find support at 0.9894 and even lower at 0.9874.<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Alternative Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">If the pair manages to surpass the daily pivot, it will lift the exchange rate towards the resistance level at 0.9954.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/USDCHFH413.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-10193\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/USDCHFH413-300x150.png\" alt=\"USDCHFH4\" width=\"300\" height=\"150\" \/><\/a><\/p>\n<table class=\"technical-analysis\">\n<tbody>\n<tr>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/usdjpy-technical-analysis.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-781\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/usdjpy-technical-analysis.jpg\" alt=\"USDJPY Technical Analysis\" width=\"59\" height=\"20\" \/><\/a><\/td>\n<td class=\"title currency-pair\">USDJPY<\/td>\n<td class=\"title interval\">H4<\/td>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/down-trend.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-786\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/down-trend.jpg\" alt=\"Down Trend\" width=\"27\" height=\"20\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Resistance<\/td>\n<td class=\"resistance\">121.50<\/td>\n<td class=\"resistance\">121.95<\/td>\n<td class=\"resistance\">122.59<\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Support<\/td>\n<td class=\"support\">121.03<\/td>\n<td class=\"support\">120.57<\/td>\n<td class=\"support\">120.33<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Primary Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">The pair is negotiating slightly below the cloud. A decisive movement to the south will lead USDJPY to breach the support at 121.03, with immediate target the forthcoming level at 120.57.<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Alternative Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">On the other hand, an upward wave would trigger the market to enter the Kumo and to eliminate the barrier at 121.50. The next resistance is estimated at 121.95.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/USDJPYH413.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-10194\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/USDJPYH413-300x150.png\" alt=\"USDJPYH4\" width=\"300\" height=\"150\" \/><\/a><\/p>\n<table class=\"technical-analysis\">\n<tbody>\n<tr>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/audusd-technical-analysis.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-782\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/audusd-technical-analysis.jpg\" alt=\"AUDUSD Technical Analysi\" width=\"81\" height=\"20\" \/><\/a><\/td>\n<td class=\"title currency-pair\">AUDUSD<\/td>\n<td class=\"title interval\">H4<\/td>\n<td><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2014\/03\/up-trend.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-765\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2014\/03\/up-trend.jpg\" alt=\"up-trend\" width=\"17\" height=\"20\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Resistance<\/td>\n<td class=\"resistance\">0.7210<\/td>\n<td class=\"resistance\">0.7249<\/td>\n<td class=\"resistance\">0.7298<\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Support<\/td>\n<td class=\"support\">0.7121<\/td>\n<td class=\"support\">0.7072<\/td>\n<td class=\"support\">0.7033<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Primary Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">AUDUSD\u00a0is trading above the daily pivot at 0.7160. A bounce up from current levels will generate strength for the market to hit the resistance at 0.7210 and further up to 0.7249.<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Alternative Scenario.<\/td>\n<td class=\"commentary\" colspan=\"3\">A tumble of the market below the daily pivot will lead the pair to find support at 0.7121.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/AUDUSDH413.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-10195\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/AUDUSDH413-300x150.png\" alt=\"AUDUSDH4\" width=\"300\" height=\"150\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime EURUSD H4 Resistance 1.0887 1.0915 1.0957 Support 1.0817 1.0776 1.0748 Primary Scenario EURUSD\u00a0is now heading towards the hurdle at 1.0887. A successful penetration of this level will fuel the pair further, targeting the resistance at 1.0915 and even higher at 1.0957. Alternative Scenario A comeback of the exchange rate would push prices [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-82761","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=82761"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82761\/revisions"}],"predecessor-version":[{"id":82766,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82761\/revisions\/82766"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=82761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=82761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=82761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}