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Weekly forecast Swiss Franc / Singapore Dollar technical chart
Symbol CHFSGD

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Trade Setup
#CHFSGD
Total Profit: 339 pip
Closed trade(s): 171 pip Profit
Open trade(s): 168 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 1.4622 based on 'Valley' at 2020.06.04.

Closed Profit:
TP1 @ 1.4640 touched at 2020.06.10 with 18 pip Profit.
TP2 @ 1.4775 touched at 2020.06.11 with 153 pip Profit.
18 + 153 = 171 pip

Open Profit:
Profit for one trade is 1.4664(current price) - 1.4622(open price) = 42 pip
4 trade(s) still open, therefore total profit for open trade(s) is 42 x 4 = 168 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.
DateJune 20, 2020 - 19:27
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:

  • 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 1.4355 on 06/08/2020, 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 53.

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) free Sun, 14 Apr 2024
Swiss Franc / Singapore Dollar (CHFSGD) Sun, 7 Apr 2024
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 31 Mar 2024
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 24 Mar 2024
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on CHFSGD.