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...
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.
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...
We can see this pair makes its way to the focused region if not it will rage a this present level.
***this forecast is for highlighting price action and can be considered as a trade call***
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...
