{"id":20267,"date":"2011-03-21T10:55:24","date_gmt":"2011-03-21T14:55:24","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20267"},"modified":"2011-03-21T10:55:24","modified_gmt":"2011-03-21T14:55:24","slug":"new-all-time-high-likely-for-the-swiss-franc","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/21\/new-all-time-high-likely-for-the-swiss-franc\/","title":{"rendered":"New All-Time High Likely For The Swiss Franc"},"content":{"rendered":"<p><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/03\/USDCHF-Swiss-franc-March-21.-2011.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8412 size-medium\" title=\"USDCHF Swiss franc March 21. 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/03\/USDCHF-Swiss-franc-March-21.-2011-300x170.png\" alt=\"USDCHF, USD\/CHF, US dollar, Swiss franc, forex, forex market, forex trading, bearish pennant, ron acoba, hidden bearish divergence, daily forex picks\" width=\"300\" height=\"170\" \/><\/a><\/p>\n<p>Hey  guys! I&rsquo;ve been away for several days now for a business trip in the  Asia-Pacific but I&rsquo;m back in the Forex front! So in today&rsquo;s feature, I  present to you the USDCHF pair. Just last  week (March 17), the Swiss franc reached a new high against the US  dollar when the USD\/CHF pair fell to historical low of 0.8900. You see,  the pair has been trading on a downward course since June 2010. A break  down from a small rising wedge last March 14 was actually the one that  set the swissy to its new record high. However, after reaching 0.8900,  the USDCHF pair has rebounded sharply and is now exchanging above 0.9000  again.<\/p>\n<p>Since reaching 0.8900, the pair appears to be forming a symmetrical  triangle or even a bearish pennant pattern. In any case, a breakdown  send the pair back down to at least 0.8900 again. A presence of a hidden  bearish divergence, where the price registers lower highs and the  stochastics make higher highs, also suggest a probable move lower. But  since the conditions is not yet overbought, as indicated by the  stochastics, it could trade sideways for a while or even rally a little  before heading south.<\/p>\n<p>One important thing to note is that the Swiss National Bank (SNB) is  notorious in intervening in the forex market as it does not want the  Swiss franc to appreciate so much against the likes of the USD and EUR.  So better keep your heads up at all times. <\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hey guys! I&rsquo;ve been away for several days now for a business trip in the Asia-Pacific but I&rsquo;m back in the Forex front! So in today&rsquo;s feature, I present to you the USDCHF pair. Just last week (March 17), the Swiss franc reached a new high against the US dollar when the USD\/CHF pair fell &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/03\/21\/new-all-time-high-likely-for-the-swiss-franc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New All-Time High Likely For The Swiss Franc&#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-20267","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20267","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=20267"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20267\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}