{"id":10812,"date":"2010-07-05T10:30:43","date_gmt":"2010-07-05T14:30:43","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10812"},"modified":"2010-07-05T10:30:43","modified_gmt":"2010-07-05T14:30:43","slug":"usdchf-awaiting-correction","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/05\/usdchf-awaiting-correction\/","title":{"rendered":"USD\/CHF Awaiting Correction?"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; The USD\/CHF appears to be anticipating a bullish correction, and a  number of technical indicators support this notion.<\/p>\n<p>&#8211; Below is the USD\/CHF daily chart  provided by <a href=\"http:\/\/www.forexyard.com\/en\/open-live-account\">ForexYard<\/a>.  The indicators used are the Stochastic (slow), the Relative Strength  Index (RSI), and the MACD\/OsMA.<\/p>\n<p>&#8211; Point 1: The Stochastic (slow) is giving off multiple bullish  crosses, indicating that the next move could be in an upward direction.<\/p>\n<p>&#8211; Point 2: The RSI is showing the price floating deep within the  over-sold territory, but also seems to signal that the indicator is  turning upward, highlighting a growing level of upward pressure.<\/p>\n<p>&#8211; Point 3: The MACD\/OsMA is showing the lines in a descending  pattern, but a bullish cross is impending. Once the cross takes place an  upward correction may occur.<\/p>\n<p>&#8211; Traders can try to anticipate when this bullish correction will  occur and jump in for some quick, short-term profits.<\/p>\n<p><strong>USD\/CHF \u2013 Daily Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/USDCHF-Daily-Chart.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/USDCHF-Daily-Chart.JPG\" alt=\"\" width=\"595\" height=\"625\" \/><\/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 Greg Holden &#8211; The USD\/CHF appears to be anticipating a bullish correction, and a number of technical indicators support this notion. &#8211; Below is the USD\/CHF daily chart provided by ForexYard. The indicators used are the Stochastic (slow), the Relative Strength Index (RSI), and the MACD\/OsMA. &#8211; Point 1: The Stochastic (slow) is giving &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/05\/usdchf-awaiting-correction\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/CHF Awaiting Correction?&#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-10812","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10812","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=10812"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10812\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}