{"id":10473,"date":"2010-06-23T08:18:34","date_gmt":"2010-06-23T12:18:34","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10473"},"modified":"2010-06-23T08:18:34","modified_gmt":"2010-06-23T12:18:34","slug":"eurchf-bullish-correction-in-the-making","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/23\/eurchf-bullish-correction-in-the-making\/","title":{"rendered":"EUR\/CHF Bullish Correction in the Making"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The EUR\/CHF has recorded much bearish behavior in the past several  days. However, the technical data indicates that this trend may reverse  anytime soon. For example, as I demonstrate below, the 8-hour chart  signals that a bullish reversal is imminent, and it might have the  potential of reaching towards 1.3750 in the coming days. Forex traders  can take advantage of this imminent upward movement by entering long  positions at an excellent entry price.<\/p>\n<p>\u2022\tBelow is the 8-hour chart of the  EUR\/CHF currency pair.<\/p>\n<p>\u2022\tThe technical indicators used are the Slow Stochastic, Relative  Strength Index (RSI), and Williams Percent Ranges.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the  chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The RSI signals that the price of this pair currently  floats in the over-sold territory, indicating upward pressure.<\/p>\n<p>\u2022\tPoint 3: The Slow Stochastic indicates an impeding bullish cross,  signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 4: The Williams Percent Ranges is showing that this pair is  heavily over-sold and may be experiencing strong upward pressure.<\/p>\n<p>EUR\/CHF 8-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/EUR-CHF-23-6.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/EUR-CHF-23-6.JPG\" alt=\"\" width=\"506\" height=\"647\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex               Yard.<\/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>By Anton Eljwizat &#8211; The EUR\/CHF has recorded much bearish behavior in the past several days. However, the technical data indicates that this trend may reverse anytime soon. For example, as I demonstrate below, the 8-hour chart signals that a bullish reversal is imminent, and it might have the potential of reaching towards 1.3750 in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/23\/eurchf-bullish-correction-in-the-making\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/CHF Bullish Correction in the Making&#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-10473","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10473"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10473\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}