The movement of the CHF/SGD exchange rate during the past weeks has been characterized by two descending channels. The senior formation which was formed late in August started with two distinctive downward-sloping waves.
Subsequently, the rate’s movement become rather chaotic in the result of which the junior channel started to appear. It has confined the pair...
The Swiss Franc is trading in a channel down against the Singapore Dollar. The given formation was created when the rate bounced off the bottom boundary of a longer-term falling wedge and continued to move in the same range even after this patter was breached. From theoretical point of view, the Franc should have appreciated after the breakout; however, given the...
Before I begin I would like to thank anyone who provides feedback.
Observing the D and 4h timeframes of SGD/CHF, there is a rising wedge taking place and we are currently testing the lower TL. The price also just tested the .618 fib level (.7150).
We just broke a key price area of .718 and this can act as a resistance point . If this hits resistance and the wedge...
![CHFSGD: CHF/SGD [1WC] Short as we might be topping up!](https://s3.tradingview.com/r/rVeRlWMa_mid.png "CHF/SGD [1WC] Short as we might be topping up!")
![CHFSGD: CHF/SGD [1HC] ABCD Pattern. Long it!](https://s3.tradingview.com/w/wcu9AvHK_mid.png "CHF/SGD [1HC] ABCD Pattern. Long it!")
