{"id":17882,"date":"2011-01-10T09:00:57","date_gmt":"2011-01-10T14:00:57","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17882"},"modified":"2011-01-10T09:00:57","modified_gmt":"2011-01-10T14:00:57","slug":"usdchf-testing-7-month-trend-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/10\/usdchf-testing-7-month-trend-line\/","title":{"rendered":"USD\/CHF Testing 7-Month Trend Line"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong><\/p>\n<p>A sharp rise in the price of the <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/12\/30\/more-declines-in-store-for-usdchf\/\">USD\/CHF <\/a>has taken the pair above the intermediate trend line and has the price testing an 7-month trend line.<\/p>\n<p>With the breach of the December to  January trend line last week, the pair may soon take out the downward  sloping trend line that begins on June 1st, 2010 and served as support  in early December. Should the pair close above this <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/01\/04\/usdchf-%e2%80%93-enter-short-at-trend-line\/\">trend line <\/a>the next resistance levels would be found at 0.9730, followed by 0.9915, and the December 1st high of 1.0065.<\/p>\n<p>Support comes in at 0.9500 and the low at 0.9300.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/USDCHF-Daily1.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/USDCHF-Daily1.JPG\" alt=\"\" width=\"535\" height=\"571\" \/><\/a><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><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>A sharp rise in the price of the USD\/CHF has taken the pair above the intermediate trend line and has the price testing an 7-month trend line. With the breach of the December to January trend line last week, the pair may&#8230;<\/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-17882","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17882","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=17882"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17882\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}