{"id":12531,"date":"2010-08-31T08:45:36","date_gmt":"2010-08-31T12:45:36","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12531"},"modified":"2010-08-31T08:45:36","modified_gmt":"2010-08-31T12:45:36","slug":"gbpchf-bullish-correction-may-be-in-the-making","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/31\/gbpchf-bullish-correction-may-be-in-the-making\/","title":{"rendered":"GBP\/CHF Bullish Correction May be in the Making"},"content":{"rendered":"<p><strong>Anton Eljwizat<\/strong> &#8211; The GBP has dropped significantly versus the CHF in the past 3 weeks,  and it is currently traded around 157.35. And now as evident in the  data below, the 4-hour chart is giving bullish signals, indicating that  GBP\/CHF pair might go up. Forex traders can take advantage of this  impending movement by having their Entry Orders in place to capture this  reversal.<\/p>\n<p>\u2022\tBelow is the 4-hour chart of the GBP\/CHF currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the William Percent Range and Slow Stochastic.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates an impending bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 2:  The Williams Percent Range has peaked near at the -100  marker, which means that there may actually be a strong level of upward  pressure.<\/p>\n<p>\u2022\tThe volatile downward movement which occurred prior to this upward  correction has generated these indicators, and there appears to be room  for this correction to continue.<\/p>\n<p><strong>GBP\/CHF 4-Hour Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/08\/GBP-CHF-31-8.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/08\/GBP-CHF-31-8.JPG\" alt=\"\" width=\"444\" height=\"619\" \/><\/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>Anton Eljwizat &#8211; The GBP has dropped significantly versus the CHF in the past 3 weeks, and it is currently traded around 157.35. And now as evident in the data below, the 4-hour chart is giving bullish signals, indicating that GBP\/CHF pair might go up. Forex traders can take advantage of this impending movement by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/31\/gbpchf-bullish-correction-may-be-in-the-making\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBP\/CHF Bullish Correction May be 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-12531","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12531","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=12531"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12531\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}