{"id":4883,"date":"2009-11-18T09:13:31","date_gmt":"2009-11-18T14:13:31","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=4883"},"modified":"2009-11-18T09:13:31","modified_gmt":"2009-11-18T14:13:31","slug":"potential-reversal-for-gbpchf","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/11\/18\/potential-reversal-for-gbpchf\/","title":{"rendered":"Potential Reversal for GBP\/CHF"},"content":{"rendered":"<p><strong>By Yan Peters<\/strong> &#8211; The GBP\/CHF pair provides strong signals for a possible change of trends. The pair is reaching towards a support level at the moment. If the level is breached, the downward move is likely to extend.<\/p>\n<p>\u2022 The chart below is the GBP\/CHF 4-hour chart by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow Stochastic, the MACD\/OsMA and the Relative Strength Index (RSI).<br \/>\n\u2022 The chart provides a very distinct bullish channel. However, the chart is touching its lowest border.<br \/>\n\u2022 A bearish cross on the Slow Stochastic has successfully predicted the modest bearish correction that we\u2019re currently experiencing, which led the pair to the 1.6974 level.<br \/>\n\u2022 Currently, both the MACD and the RSI are on the verge of indicating a bearish reversal. If the MACD will indeed perform a bearish cross, and the RSI will drop below the 70 line (both marked in red), it will be a string sign for a significant drop.<br \/>\n\u2022 There are 3 consecutive support levels that can be observed at the moment. The support levels are placed at the 1.6950, 1.6800 and the 1.6650 prices. If a certain level will be breached, the pair is likely to reach towards the next support level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2009\/11\/gbp-chf1.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2009\/11\/gbp-chf1.bmp\" alt=\"\" width=\"595\" height=\"611\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/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>By Yan Peters &#8211; The GBP\/CHF pair provides strong signals for a possible change of trends. The pair is reaching towards a support level at the moment. If the level is breached, the downward move is likely to extend. \u2022 The chart below is the GBP\/CHF 4-hour chart by ForexYard. \u2022 The technical indicators used &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/11\/18\/potential-reversal-for-gbpchf\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Potential Reversal for GBP\/CHF&#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-4883","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/4883","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=4883"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/4883\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=4883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=4883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=4883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}