{"id":28349,"date":"2012-03-18T22:44:20","date_gmt":"2012-03-19T02:44:20","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=28349"},"modified":"2012-03-18T22:44:20","modified_gmt":"2012-03-19T02:44:20","slug":"usdchf-weekly-outlook-19-march-23-march","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/18\/usdchf-weekly-outlook-19-march-23-march\/","title":{"rendered":"USD\/CHF Weekly outlook 19 March – 23 March"},"content":{"rendered":"

USD\/CHF Weekly outlook 19 March \u2013 23 March<\/strong><\/p>\n

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The USD\/CHF closed last week with a long tailed bearish pin bar suggesting a continuation of the greenbacks decline against the Swiss Franc.<\/p>\n

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The bearish pin seen last week showed a clear rejection and almost perfect bounce of a 61.8% Fib retracement from the markets most recent downswing.<\/p>\n

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\"usdchfweeklyoutlook19-23march\"<\/p>\n

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The bearish pin bar also retested and rejected a strong support and resistance area at 0.9300 as seen in the chart below, which further confirms our bearish outlook at this time.<\/p>\n

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\"usdchfweeklyoutlook19-23marchzoom\"<\/p>\n

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With the strong price action seen on the weekly timeframe we\u2019ll be looking to short the pair at a 50% retracement of last week\u2019s price. Initially we\u2019ll be targeting 0.9140 which is last week\u2019s lows, placing our stops just above the pins high.<\/p>\n

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The strength of both the Fibonacci retracement and support\/resistance level, signal the market should continue its bearish decline which could make for an excellent longer term trade if managed well.<\/p>\n

Article by vantage-fx.com<\/strong><\/a><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

USD\/CHF Weekly outlook 19 March \u2013 23 March \u00a0\u00a0 The USD\/CHF closed last week with a long tailed bearish pin bar suggesting a continuation of the greenbacks decline against the Swiss Franc. The bearish pin seen last week showed a clear rejection and almost perfect bounce of a 61.8% Fib retracement from the markets most … <\/p>\n

Continue reading “USD\/CHF Weekly outlook 19 March – 23 March”<\/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-28349","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28349","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=28349"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28349\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}