{"id":17301,"date":"2010-12-27T07:35:38","date_gmt":"2010-12-27T12:35:38","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17301"},"modified":"2010-12-27T07:35:38","modified_gmt":"2010-12-27T12:35:38","slug":"usdchf-targets-all-time-low","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/27\/usdchf-targets-all-time-low\/","title":{"rendered":"USD\/CHF Targets All-Time Low"},"content":{"rendered":"<p>By Yan Petters<\/p>\n<p>The USD\/CHF pair saw a sharp drop of 220 pips during last week\u2019s  trading session. However, it saw a technical correction just before the  weekend, and as a result climbed from the 0.9500 level to as high as the  0.9665 level. Nevertheless, several technical indications are now  suggesting that the bearish trend is back on. A new bearish move has a  great potential to take the pair to a historical low level of 0.9460.<\/p>\n<p>\u2022 The chart below is the USD\/CHF 4-hour chart by ForexYard.<br \/>\n\u2022 It can be seen that the pair had several failed attempts to breach through the 0.9650 level.<br \/>\n\u2022 After failing to cross the 0.9650 level, the pair is now once again  showing signs of bearishness, and is currently trading near the 0.9590  level.<br \/>\n\u2022 A bearish cross of the Slow <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Stochastic<\/a> has taken place above the 80-line recently, strongly suggesting that a downtrend is impending.<br \/>\n\u2022 In addition, the <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">RSI<\/a> fell below the 70-line today, further indicating that a bearish  movement should be expected. The last time that the RSI fell below the  70-line has triggered a 400 pip drop.<br \/>\n\u2022 The pair\u2019s next <a href=\"http:\/\/www.forexyard.com\/en\/price-support-levels\">support levels<\/a> are located at the 0.9555, 0.9500 and 0.9460 levels.<br \/>\n\u2022 The 0.9460 level is an ALL-TIME LOW. Traders should take under  consideration that should the pair reach this low, it can potentially  create a psychological affect that will push it down even further.<br \/>\n\u2022 The next <a href=\"http:\/\/www.forexyard.com\/en\/price-resistance-levels\">resistance levels<\/a> are at: 0.9650, 0.9735 and 0.9790.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USD-CHF.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USD-CHF.JPG\" alt=\"\" width=\"590\" height=\"573\" \/><\/a><\/p>\n<p><span style=\"text-decoration: underline;\"><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><\/span><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/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>The USD\/CHF pair saw a sharp drop of 220 pips during last week\u2019s trading session. However, it saw a technical correction just before the weekend, and as a result climbed from the 0.9500 level to as high as the 0.9665 level. <\/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-17301","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17301","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=17301"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17301\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}