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Weekly forecast Swiss Franc / Singapore Dollar technical chart
Symbol CHFSGD

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Trade Setup
#CHFSGD
Total Profit: -1962 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1962 pip Profit

Trade Setup:
We opened 9 SELL trade(s) @ 1.4699 based on 'Peak' entry method at 2020.07.15.

Open Profit:
Profit for one trade is 1.4699(open price) - 1.4917(current price) = -218 pip
9 trade(s) still open, therefore total profit for open trade(s) is -218 x 9 = -1962 pip

Trading suggestion:

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

DateJanuary 2, 2021 - 20:45
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.51200, beginning of downtrend is expected.
  • We make sure when the support at 1.43600 breaks.
  • If the resistance at 1.51200 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.5075 on 12/21/2020, so more losses to support(s) 1.4850, 1.4775, 1.4640 and minimum to Major Support (1.4360) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 1.4640
  2. 1.4555
  3. 1.4440
  4. 1.4360
  5. 1.4165
  6. 1.3970
  7. 1.3590
  8. 1.3265
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 24 Mar 2024
Swiss Franc / Singapore Dollar (CHFSGD) 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