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: 2971 pip
Closed trade(s): 801 pip Profit
Open trade(s): 2170 pip Profit

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

Closed Profit:
TP1 @ 1.4640 touched at 2021.02.23 with 59 pip Profit.
TP2 @ 1.4555 touched at 2021.02.24 with 144 pip Profit.
TP3 @ 1.4440 touched at 2021.03.04 with 259 pip Profit.
TP4 @ 1.4360 touched at 2021.03.04 with 339 pip Profit.
59 + 144 + 259 + 339 = 801 pip

Open Profit:
Profit for one trade is 1.4699(open price) - 1.4265(current price) = 434 pip
5 trade(s) still open, therefore total profit for open trade(s) is 434 x 5 = 2170 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.
  • If the Midterm level 1.43600 is broken, we will close open trades.
DateApril 3, 2021 - 11:46
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.43600 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 1.43600 is broken.

Technical analysis:

  • While the RSI resistance #1 at 45 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.4545 on 03/17/2021, so more losses to support(s) 1.4165, 1.3970, 1.3590 and more depths 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 33.

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, 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.