Hi,
This is the only forex pair I trade.
Before the pandemic this pair was in a short run for a long term! Then the pandemic came and it went up for peaks. Makes sense, people see security in the Swiss dollar.
The world is now familiar with the pandemic, business are evolving, countries are recovering etc. The panic of covid is not going to last long and in...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3835). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CHFSGD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a...
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.
I'm looking to buy this pair around 0.735. Price has is trading around this area, so I am looking for bull candles on the daily time frame. If I get a bull candle then I will move to the 1H and place buy limit orders at previous market levels.
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...
