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Swiss Franc / Singapore Dollar

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CHFSGD trade ideas

SGD/CHF - Long Term ShortSGD/CHF is not holding strong and broke under the 50 EMA on the daily timeframe. MACD daily has also crossed the zero line and we have convergence down. AS the pair goes down, we will see how strong the bearish move is and wheter we can keep holding to the next TPs. First TP: 0.7153 Second TP: 0.7105 Third TP: 0.7055 You must leave enough space for your SL. That is, put it above the daily 50 EMA, or simply, above the last daily candle close with a little bit of space to it. Trade safe.
Short
by MoolahMaker
1
CHF/SGD 1H Chart: Slight downside potentialDownside risks have dominated the CHF/SGD currency pair since the end of September, and the pair breached a medium-term ascending channel north at the middle of October. As apparent on the chart, the pair is being pressured by the 55-, 100– and 200-period SMAs on the 4H time frame. It is expected the pair continues to decline. An important support level to look out for is the Fibonacci 38.20% retracement at 1.3672. If given level holds, most likely, the pair surges towards the Fibonacci 61.80% at 1.3895.
by UnknownUnicorn890690
CHF/SGD - 250 Pips + Opportunity LONG TERMCHF/SGD is weak and we can expect it to continue it's bearish trend further below on the long term this next few weeks *as long as the 50 EMA holds as resistance on the daily timeframe. It may make some pullbacks up but it is nothing to worry about as long as it never finds support. The reasonw why I leave my SL higher than the 50 EMA just in case. This is a long term trade and the TP target may get changed during the run as the pair makes its move and let's us know how it's doing. The full range and duration of the trade could be up to 2 months. I personally have risked 3% on this pair. Remember, you're not in trading for the quick profits but for the long term gains. Trade safe.
Short
by MoolahMaker
CHF/SGD 1H Chart: Two scenarios likelyThe 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 upwards. Potential upside target could be the weekly R3 at 1.4110 mark. Otherwise, it is expected that the currency pair might re-test the ascending channel. If given trend does not hold, a breakout might occur. In this case, the pair will aim for the Fibonacci 61.80% retracement at 1.3865.
by UnknownUnicorn890690