website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Swiss Franc / Singapore Dollar technical chart
Symbol CHFSGD

Download MT4 template file

Trade Setup
#CHFSGD
Total Profit: 362 pip
Closed trade(s): 32 pip Profit
Open trade(s): 330 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 1.4608 (day close price) based on 'Valley' at 2020.05.12.

Closed Profit:
TP1 @ 1.4640 touched at 2020.05.14 with 32 pip Profit.

Open Profit:
Profit for one trade is 1.4674(current price) - 1.4608(open price) = 66 pip
5 trade(s) still open, therefore total profit for open trade(s) is 66 x 5 = 330 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateMay 30, 2020 - 20:01
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.43700, resumption of uptrend is expected.
  • We make sure when the resistance at 1.51200 breaks.
  • If the support at 1.43700 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • While the RSI resistance #1 at 56 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.4418 on 05/11/2020, so more gains to resistance(s) 1.4775, 1.4875, 1.5010 and maximum to Major Resistance (1.5120) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 54.

Take Profits:

  1. 1.4640
  2. 1.4775
  3. 1.4875
  4. 1.5010
  5. 1.5120
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc / Singapore Dollar (CHFSGD) new free Sun, 17 Mar 2024
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 10 Mar 2024
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 3 Mar 2024
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 25 Feb 2024
Swiss Franc / Singapore Dollar (CHFSGD) Sat, 17 Feb 2024