{"id":90952,"date":"2016-06-07T07:00:21","date_gmt":"2016-06-07T11:00:21","guid":{"rendered":"http:\/\/countingpips.com\/?p=90952"},"modified":"2016-06-07T07:00:21","modified_gmt":"2016-06-07T11:00:21","slug":"usdchf-is-following-a-downtrend-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/usdchf-is-following-a-downtrend-2\/","title":{"rendered":"USDCHF is following a downtrend."},"content":{"rendered":"
June 7, 2016<\/div>
\r\n<\/div><\/div>

Article by ForexTime<\/a><\/p>\n\n\n\n\n\n\n\n
\"EURUSD<\/a><\/td>\nEURUSD<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.1388<\/td>\n1.1423<\/td>\n1.1455<\/td>\n<\/tr>\n
Support<\/td>\n1.1321<\/td>\n1.1289<\/td>\n1.1254<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nEURUSD is revolving around the daily pivot point at 1.1356. A decisive movement to the south will open the way down to 1.1321 and then lower at 1.1289.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAn upward wave above the daily pivot will fuel the pair to retest the resistance level at 1.1388.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"EURUSDH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"GBPUSD<\/a><\/td>\nGBPUSD<\/td>\nH4<\/td>\n\"up-trend\"<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.4496<\/td>\n1.4554<\/td>\n1.4627<\/td>\n<\/tr>\n
Support<\/td>\n1.4366<\/td>\n1.4293<\/td>\n1.4235<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe pair indicated bullish implications in the previous session. If GBPUSD manages to cross above the hurdle at 1.4554, the next resistance is seen at 1.4627.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nOn the other hand, a plunge of the exchange rate below the now-support at 1.4496 will push prices to find support at the daily pivot (1.4423).<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"GBPUSDH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDCHF<\/a><\/td>\nUSDCHF<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.9758<\/td>\n0.9813<\/td>\n0.9852<\/td>\n<\/tr>\n
Support<\/td>\n0.9665<\/td>\n0.9626<\/td>\n0.9571<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDCHF\u00a0is following a downtrend. If the pair achieves to extend its momentum, it will target the forthcoming support level at 0.9665 and further down to 0.9626.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\n\u00a0A surge of the currency pair above the daily pivot at 0.9719 will lift the market towards 0.9758. RSI supports this outlook.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"USDCHFH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDJPY<\/a><\/td>\nUSDJPY<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n107.86<\/td>\n108.47<\/td>\n109.12<\/td>\n<\/tr>\n
Support<\/td>\n107.23<\/td>\n106.34<\/td>\n105.50<\/td>\n<\/tr>\n
Primary Scenario<\/td>\n\u00a0The bearish scenario is still in force. Any fruitless attempt to penetrate the barrier at 107.86 will pave the path down to 107.23 and a break back below this level will lead USDJPY lower to 106.34.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAlternatively, a successful attempt to surpass the hurdle at 107.86 will trigger the market towards 108.47.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"USDJPYH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"AUDUSD<\/a><\/td>\nAUDUSD<\/td>\nH4<\/td>\n\"up-trend\"<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.7391<\/td>\n0.7417<\/td>\n0.7456<\/td>\n<\/tr>\n
Support<\/td>\n0.7326<\/td>\n0.7288<\/td>\n0.7261<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAUDUSD\u00a0turned sharply bullish. Should a break out occur above the key resistance at 0.7456, the next target\u00a0is estimated at 0.7513.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA breach of the support level at 0.7417 will push prices to find support at 0.7391 and even lower to the daily pivot at 0.7353. RSI oscillator is trading within the overbought territory.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"AUDUSDH4\"<\/a><\/p>\n

 <\/p>\n

\n

\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime EURUSD H4 Resistance 1.1388 1.1423 1.1455 Support 1.1321 1.1289 1.1254 Primary Scenario EURUSD is revolving around the daily pivot point at 1.1356. A decisive movement to the south will open the way down to 1.1321 and then lower at 1.1289. Alternative Scenario An upward wave above the daily pivot will fuel the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-90952","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90952","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=90952"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90952\/revisions"}],"predecessor-version":[{"id":90969,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90952\/revisions\/90969"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=90952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=90952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=90952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}