{"id":11977,"date":"2010-08-12T09:30:17","date_gmt":"2010-08-12T13:30:17","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11977"},"modified":"2010-08-12T09:30:17","modified_gmt":"2010-08-12T13:30:17","slug":"usdchf-range-trading-opportunity","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/12\/usdchf-range-trading-opportunity\/","title":{"rendered":"USD\/CHF Range Trading Opportunity"},"content":{"rendered":"<p><strong>By Russell Glaser <\/strong>&#8211; Following a dramatic downtrend for the USD\/CHF, the pair has been  caught in a range trading environment.  This provides an opportunity to  short the USD\/CHF between two previously tested support and resistance  levels.<\/p>\n<p>The USD\/CHF is consolidating from the  previous bearish trend that occurred from June until July. Prices for  the pair have been found consistently trading between the 61.8% and the  76.4% Fibonacci retracement from the last bullish trend the pair  experienced during the period of November 2009 until the height at  1.1729 in June of this year.<\/p>\n<p>The Slow Stochastic oscillator is in the midst of forming a bearish cross, indicating the next move may be to the downside.<\/p>\n<p>The 7-day Momentum indicator is downward sloping and is approaching  the 100 level. A move below the 100 line will confirm the sell signal.<\/p>\n<p>Traders can use this range trading environment to enter short on the  USD\/CHF with a target near the lower Fibonacci level at the price of  1.0350.<\/p>\n<p>Should the pair breakout above the 61.8% Fibonacci retracement level,  a protective stop should be placed at the daily high from July 12th at  1.0675.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/08\/USDCHF.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/08\/USDCHF.JPG\" alt=\"\" width=\"571\" height=\"605\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/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 Russell Glaser &#8211; Following a dramatic downtrend for the USD\/CHF, the pair has been caught in a range trading environment. This provides an opportunity to short the USD\/CHF between two previously tested support and resistance levels. The USD\/CHF is consolidating from the previous bearish trend that occurred from June until July. Prices for the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/12\/usdchf-range-trading-opportunity\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/CHF Range Trading Opportunity&#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-11977","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11977","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=11977"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11977\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}