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CHFSGD

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
CHF/SGD 1H Chart: Short-term increase expectedThe 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 junior channel and re-tests senior trend in the nearest future. It is the unlikely case that some bearish pressure still prevails in the market, the Swiss Franc should not exceed the monthly PP at 1.4009.
by UnknownUnicorn890690
CHF/SGD 1H Chart: Franc breaks trend-lineThe 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 50.00% Fibonacci retracement at 1.3780. The rate is supported by the 55-, 100– and 200-period SMAs on both the 1H and 4H time-frames. This is likely to add some bullish pressure in the market and consequently result in appreciation of the Franc. An important resistance level is the monthly R2 at 1.3950. The upper boundary of the senior channel is likewise located nearby circa 1.4045.
Long
by UnknownUnicorn890690
CHF/SGD 1H Chart: Awaits confirmation of surgeThe 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 faces a strong support level formed by the 55-, 100– and 200-period (4H) SMAs and the monthly PP near 1.3690. This strong cluster is likely to activate bulls, thus resulting in further appreciation towards the upper boundary of the senior channel. In this scenario, upside potential is apparent until the 61.80% Fibonacci retracement and the monthly R1 at 1.39.
by UnknownUnicorn890690
CHF/SGD 1H Chart: Pair is rangingThe 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 appreciate in line with the aforementioned long-term pattern. The same surge is likewise expected in the short term in case the 1.3550 area is breached. Apart from all three SMAs on the hourly chart, the 55-day, the 55– and 100-period (4H) SMAs are likewise located there. The rate surpassing this resistance cluster should add the necessary bullish momentum to break out from the current ranging motion.
Long
by UnknownUnicorn890690
CHF/SGD 4H Chart: Medium-term appreciation in sightThe 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 large, it is expected that the pair maintains its bullish momentum and thus approaches the downward-sloping trend-line located in the 1.40/41 territory within the following two months. In the short term, however, its seems that the Franc might have exhausted its upside momentum and thus should enter a minor period of decline. This fall might end either at the senior channel or the monthly S1 at 1.3300 and 1.3240, respectively.
Long
by UnknownUnicorn890690
CHFSGD 4H Chart: Decline continues 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 pair has been trading within the range of a resistance cluster at 1.3590 and a support cluster at 1.3415. A breakout is likely to occur during the following trading sessions. If the aforementioned breakout occurs, the currency exchange rate could be heading for a potential target at 1.3233 formed by the weekly pivot point. Meanwhile, technical indicators suggest that bears are likely to grow stronger within the next trading days.    
by UnknownUnicorn890690
1
CHF/SGD 1H Chart: Technicals point to declineThe 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 are still in favour of a continuous fall despite the allayed downward momentum. In this case, a possible southern target for the remaining trading sessions in April could be the most senior channel and the monthly S2 located near 1.3410. This level might force a reversal and a subsequent surge towards 1.3850. Meanwhile, this appreciation might occur even sooner if the Franc remains trading sideways during the following two sessions. A strong resistance is set by the 200-hour SMA, two channel lines and the weekly PP at 1.3550.
by UnknownUnicorn890690
CHF/SGD 1H Chart: Bearish sentimentThe 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 another confirmation that the bearish sentiment could finally take the upper hand in the nearest time. A possible target within the following weeks in the bottom line of the senior channel in the 1.3800/1.3850 territory. If looking at the pair’s possible direction this week, the Franc is expected to recover slightly from its four-day fall and reach the combined resistance of the 100– and 200-hour SMAs and the weekly PP circa 1.4150.
Short
by UnknownUnicorn890690
CHF/SGD 1H Chart: Rate signals to declineCHF/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 might be gradually losing strength. The pair is currently trading near the 1.4150 mark which is likewise reinforced by the upper boundaries of two channels (the senior one was formed in late 2016). All these signals point to a soon decline. However, in order to confirm this scenario, the Franc should breach the 55– and 100-hour SMAs near the 1.4075 mark. The pair’s subsequent move then should be a retracement from the breached channel circa 1.39—an area which is likewise reinforced by the 200-hour SMA, the monthly PP and the 38.20% Fibo. In the meantime, some minor upward movement within the following session or two is still possible.
Short
by UnknownUnicorn890690
CHF/SGD 1H Chart: Franc returns near senior channelThe 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 Friday. The Franc managed to bounce off this line and test the 200-hour SMA. However, the monthly PP reversed the rate back north near the psychological 1.37 level. Given that the pair has overcome the 55-, 100– and 200-hour SMAs and the weekly PP circa 1.3740, bulls could continue to dominate today, as well. A possible upside target is the monthly R1 at 1.3860. By an large, the pair’s trading could be driven by bearish momentum within the following week, as the upper boundary of the senior channel is expected to hold. The Franc might target the 1.3520 where the bottom boundary of the senior channel is located.
Short
by UnknownUnicorn890690
3
CHF/SGD 1H Chart: Pair respects senior channelCHF/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 chart, the Franc has been trying to overcome the 55-hour SMA—an area which is likewise reinforced by the weekly PP and the 61.8% Fibo. This strong resistance cluster is expected to pressure the rate lower during this session. This fall, however, should not be long-lasting, as the weekly PP and the 200-hour SMA are located nearby circa 1.3620. As a result, these two barriers could bound the rate for several sessions. Its subsequent movement might be lower, setting the 1.3520 area as a possible downside target.
by UnknownUnicorn890690