{"id":21811,"date":"2011-03-16T04:51:55","date_gmt":"2011-03-16T08:51:55","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=13653"},"modified":"2011-03-16T04:51:55","modified_gmt":"2011-03-16T08:51:55","slug":"usdchf-likely-to-enter-upward-correction-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/16\/usdchf-likely-to-enter-upward-correction-2\/","title":{"rendered":"USD\/CHF Likely to Enter Upward Correction"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/12.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>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 <a href=\"http:\/\/www.forexyard.com\/en\/trading\/usd-chf\">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<p><span id=\"more-13653\"><\/span>\u2022\tBelow is the 8-hour chart of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/usd-chf\">USD\/CHF <\/a>currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the William Percent Range, Relative Strength Index (RSI), and Slow Stochastic.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates a bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\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<p>\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<p>USD\/CHF 8-Hour Chart<br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/03\/USD-CHF-16-3-2011.JPG\" alt=\"USD-CHF 16-3-2011\" width=\"536\" height=\"590\" class=\"alignnone size-full wp-image-13654\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 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 &#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-21811","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21811","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=21811"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21811\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}