{"id":14558,"date":"2010-10-28T09:00:45","date_gmt":"2010-10-28T13:00:45","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14558"},"modified":"2010-10-28T09:00:45","modified_gmt":"2010-10-28T13:00:45","slug":"is-the-cadchf-bullishness-coming-to-an-end","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/28\/is-the-cadchf-bullishness-coming-to-an-end\/","title":{"rendered":"Is The CAD\/CHF Bullishness Coming to An End?"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong> &#8211; Over  the course of the last week, the Canadian dollar has been making  significant gains against the Swiss franc.  Analysts attribute the gains  to a combination of poor Swiss economic news and positive indicators  out of the US and euro-zone that has increased risk taking.  As we will  demonstrate through a number of technical indicators, the franc may be  turning a corner and the CAD\/CHF pair could see a downward correction in  the near future.<\/p>\n<p>We will be analyzing the daily chart for CAD\/CHF provided by Forexyard.   The technical indicators being used are the <a href=\"http:\/\/www.forexyard.com\/en\/bollinger-bands\">Bollinger Bands<\/a>, Williams Percent Range and <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Stochastic Slow<\/a>.<\/p>\n<p>1. As seen in the chart, the cross is currently trading along the  upper Bollinger Band, suggesting that a bearish correction may occur.   In addition, the bands appear to be widening, which typically means a  shift in direction is likely.<\/p>\n<p>2. The Williams Percent Range is currently around the -15 level.   Anything above -20 on this indicator typically means the pair is in  overbought territory and a bearish correction is likely to occur.<\/p>\n<p>3. Finally, a bearish cross has formed on the Stochastic Slow,  meaning that downward pressure exists for the pair.  Traders will want  to pay close attention to this pair.  Significant profits will likely be  made by anyone who takes advantage of the impending correction.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/chart-28.10.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/chart-28.10.bmp\" alt=\"\" width=\"505\" height=\"490\" \/><\/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 Dan Eduard &#8211; Over the course of the last week, the Canadian dollar has been making significant gains against the Swiss franc. Analysts attribute the gains to a combination of poor Swiss economic news and positive indicators out of the US and euro-zone that has increased risk taking. As we will demonstrate through a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/10\/28\/is-the-cadchf-bullishness-coming-to-an-end\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Is The CAD\/CHF Bullishness Coming to An End?&#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-14558","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14558","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=14558"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14558\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}