{"id":10511,"date":"2010-06-24T08:50:46","date_gmt":"2010-06-24T12:50:46","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10511"},"modified":"2010-06-24T08:50:46","modified_gmt":"2010-06-24T12:50:46","slug":"usdchf-expected-to-rebound-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/24\/usdchf-expected-to-rebound-today\/","title":{"rendered":"USD\/CHF Expected to Rebound Today"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; In the last 3 weeks of trading, the USD\/CHF experienced much  bearishness, as it now stands at 1.1040. However; it seems that this  trend may be coming to an end. I will illustrate below that the USD\/CHF  may very well be heading for a reversal. Forex traders have the  opportunity to wait for the upward breach on the hourlies and go long in  order to ride out the impending wave.<\/p>\n<p>\u2022\tBelow is the daily chart of the  USD\/CHF currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the Relative Strength  Index (RSI), and Slow Stochastic.<\/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 Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the oversold territory, signaling  upward pressure.<\/p>\n<p>\u2022\tPoint 3: The Slow Stochastic indicates an impending bullish cross,  signaling that the next move may be in an upward direction.<\/p>\n<p><strong>USD\/CHF Daily Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/USD-CHF-24-6.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/USD-CHF-24-6.JPG\" alt=\"\" width=\"441\" height=\"616\" \/><\/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; In the last 3 weeks of trading, the USD\/CHF experienced much bearishness, as it now stands at 1.1040. However; it seems that this trend may be coming to an end. I will illustrate below that the USD\/CHF may very well be heading for a reversal. Forex traders have the opportunity to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/24\/usdchf-expected-to-rebound-today\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/CHF Expected to Rebound Today&#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-10511","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10511","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=10511"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10511\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}