The Swiss Frank has been appreciating against the Singapore Dollar after the currency pair reversed from the lower boundary of a medium-term ascending channel at 1.3890. As apparent on the chart, the exchange rate is supported by the 55-, 100– and 200-hour SMAs, currently located near the 1.3950 mark. From a theoretical point of view, the pair might move...
The CHF/SGD exchange rate has been trading in an descending channel for a week now. This gradual decrease in price began when the pair reversed from the upper boundary of a medium-term ascending channel at 1.4180. As it apparent on the chart, the pair is being supported by the 55– and 100-hour SMAs on the 1H time-frame. It is expected that the pair breaches...
The CHF/SGD currency pair has been consolidating in the 1.3665/1.3790 range for a month now. Thus, the Swiss Franc failed to accelerate against the Singapore Dollar and approach the upper boundary of the senior channel. On Friday, the pair was still trading in the aforementioned range. However, it did break to the upside a downward-sloping trend-line and the...
The Swiss Franc is appreciating against the Singapore Dollar in a short term ascending channel. This gradual increase in price began on July 13 when the rate reversed from the senior channel in the 1.3580 area. This junior patter was breached today, thus indicating that a decline may be possible in the nearest time. However, it should be noted that the Franc...
CHFSGD remains on a 1D Channel Up (RSI = 57.120) although it had to make a deeper than expected Higher Low (MACD = 0.001, Highs/Lows = 0.0014, B/BP = 0.0035, ROC = -0.167). Our TP is stable at 1.3868.
CHFSGD is on a 1D Channel Up (RSI = 52.440) having just formed a new Higher Low (Highs/Lows = 0). With 4H already pushing higher (STOCH = 60.003, ADX = 39.893, B/BP = 0.0023), this is the most suited place for a long, TP = 1.3868.
The CHF/SGD exchange rate has been trading in the 1.3470/1.3625 range for three weeks. If looking at the pair’s movement from the larger perspective, this movement sideways follows a surge which started mid-May when the pair reversed from the senior channel at 1.33. Thus, it is likely that the Swiss Franc eventually breaches the upper range line and continues to...
The dominant pattern which as constrained the CHF/SGD exchange rate for the last three years is a descending channel. Its upper boundary near 1.33 was tested early in May following a three-week period of depreciation. During this fall, the Swiss Franc was trading in a neat and narrow channel down. The same trading pattern has also been maintained now. By and...
The Swiss Franc has been driven by a strong downside movement against the Singapore Dollar since February 9 and thus fell by 5.69%. This bearish momentum started after the currency pair hit the upper boundary of a junior pattern. This downside risk has resulted in the exchange rate to reached January 2015 low level. During the last two weeks, the CHF/SGD currency...
The Swiss Franc continues to depreciate against the Singapore Dollar in a medium-term channel down. The pair has diminished its trading range within this strongly-bearish pattern, especially after the Franc failed to reach its bottom boundary last week. As a result, the pair reversed from the 1.3480 area and formed a new junior pattern. Technical indicators...
CHFSGD Buy Idea @Monthly Demand Zone (1.3512 - 1.2962) Buy Limit: 1.3523 Stop Loss: 1.2945 Take Profit: 1.3985
CHFSGD Sell Idea @Monthly Supply Zone (1.3985 - 1.4240) Sell Limit: 1.3978 Stop Loss: 1.4246 Take Profit: 1.3682
The Swiss Franc has been appreciating gradually against the Singapore Dollar since mid-January. This bullish sentiment, however, has allayed during the previous sessions, thus bounding the rate in an increasingly narrower trading range. Meanwhile, the pair tested the upper boundary of the senior channel down near 1.4250 on February 9. This factor could serve as...
CHF/SGD has been trading in a steep ascending channel for two weeks now. This pattern formed shortly before the rate breached the dominant eight-week channel on January 25. Following this breakout, the pair continued to edge higher; however it has since failed to reach the upper boundary of the junior channel. Thus, it seems that the prevailing bullish sentiment...
The Swiss Franc’s movement against the Singapore Dollar during the previous three months has been constrained by a rather flat channel down. The pair started to form the most recent wave up within this pattern early in January. This upward movement has since resulted in a junior channel. The upper boundaries of both patterns near the 1.3820 mark were tested late...
CHF/SGD has been dominated by two channels. The medium-term pattern has confined the rate since late October. The pair failed to reach its upper boundary earlier this week, when the senior channel forced the Franc to reverse from the 1.3730 mark. Technical indicators show mixed results about the pair’s direction during the following sessions. As apparent on the...