{"id":20155,"date":"2011-03-16T08:45:27","date_gmt":"2011-03-16T12:45:27","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20155"},"modified":"2011-03-16T08:45:27","modified_gmt":"2011-03-16T12:45:27","slug":"usdchf-likely-to-enter-upward-correction","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/16\/usdchf-likely-to-enter-upward-correction\/","title":{"rendered":"USD\/CHF Likely to Enter Upward Correction"},"content":{"rendered":"

By Anton Eljwizat<\/strong><\/p>\n

The USD has dropped significantly versus the CHF in the past few days, and it is currently traded around 0.9180. And now as evident in the data below, the 8-hour chart is giving bullish signals, indicating that USD\/CHF <\/a>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

\u2022\tBelow is the 8-hour chart of the USD\/CHF <\/a>currency pair.<\/p>\n

\u2022\tThe technical indicators that are used are the William Percent Range, Relative Strength Index (RSI), and Slow Stochastic.<\/p>\n

\u2022\tPoint 1: The Slow Stochastic indicates a bullish cross, signaling that the next move may be in an upward direction.<\/p>\n

\u2022\tPoint 2: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the oversold territory, signaling upward pressure.<\/p>\n

\u2022\tPoint 3: The Williams Percent Range shows that this pair was heavily over-sold peaked near the highest mark it could reach, and then turned a corner and now stands in a bullish posture.<\/p>\n

USD\/CHF 8-Hour Chart
\n\"USD-CHF<\/p>\n

Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em>
\n<\/a><\/strong><\/em><\/p>\n

\u00a9 2006 by FxYard Ltd<\/p>\n

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":"

The USD has dropped significantly versus the CHF in the past few days, and it is currently traded around 0.9180. And now as evident in the data below, the 8-hour chart is giving bullish signals, indicating that USD\/CHF pair might go up. Forex traders can take advantage…<\/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-20155","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20155","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=20155"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20155\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}