{"id":9463,"date":"2010-05-17T08:35:36","date_gmt":"2010-05-17T12:35:36","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9463"},"modified":"2010-05-17T08:35:36","modified_gmt":"2010-05-17T12:35:36","slug":"usdchf-currently-overvalued","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/17\/usdchf-currently-overvalued\/","title":{"rendered":"USD\/CHF Currently Overvalued"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; Last week\u2019 bullish movement of the USD\/CHF cross hasn\u2019t received much  support as of late. Below, I will demonstrate that the USD\/CHF pair has  already commenced a downward trend for today, and the cross may tumble  another 40-110 pips in the coming 2 days. Traders are strongly advised  to take advantage of the trend at an early stage. Therefore, why not  open short positions at an excellent price?<\/p>\n<p>\u2022\tBelow is the daily chart of the USD\/CHF  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\tThe Slow Stochastic indicates an impending bearish cross, signaling  that the next move may be in a downward direction.<\/p>\n<p>\u2022\tThe Relative Strength Index (RSI) indicates that the price of this  cross currently floats in the overbought territory, signaling downward  pressure.<\/p>\n<p>\u2022\tThe Williams Percent Range has peaked at the 0 marker and has  turned bearish; this means that there may actually be a strong level of  downward pressure.<\/p>\n<p>USD\/CHF Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/USD-CHF-17-5.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/USD-CHF-17-5.JPG\" alt=\"\" width=\"477\" height=\"557\" \/><\/a><\/p>\n<p><strong><em>Forex Market    Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                    Yard.<\/a><\/strong><\/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 Anton Eljwizat &#8211; Last week\u2019 bullish movement of the USD\/CHF cross hasn\u2019t received much support as of late. Below, I will demonstrate that the USD\/CHF pair has already commenced a downward trend for today, and the cross may tumble another 40-110 pips in the coming 2 days. Traders are strongly advised to take advantage &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/17\/usdchf-currently-overvalued\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/CHF Currently Overvalued&#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-9463","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9463","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=9463"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9463\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}