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Weekly forecast Swiss Franc / Singapore Dollar technical chart
Symbol CHFSGD

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Trade Setup

#CHFSGD
Total Profit: 1801 pip
Closed trade(s): 1801 pip Profit
Open trade(s): 0 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

Closed Profit:
Profit for one trade is 1.4699(open price) - 1.4499(current price) = 200 pip
5 trade(s) closed at market price as the major resistance is broken, therefore total profit will increase by 200 x 5 = 1000 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.4775 to 1.4850). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.4775)
    • Support on 01/26/2015
    • Support on 01/27/2015
    • Support on 01/28/2015
    • Resistance on 01/30/2015
    • Support on 08/25/2015
    • Resistance on 08/27/2015
    • Resistance on 10/02/2015
    • Resistance on 10/05/2015
    • Resistance on 03/06/2020
    • Support on 03/09/2020
    • Support on 03/10/2020
    • Support on 03/11/2020
    • Support on 03/12/2020
    • Support on 03/13/2020
    • Resistance on 03/20/2020
    • Support on 03/31/2020
    • Support on 04/01/2020
    • Resistance on 04/16/2020
    • Resistance on 04/21/2020
    • Resistance on 06/11/2020
    • Resistance on 06/12/2020
    • Resistance on 07/06/2020
    • Support on 07/08/2020
    • Support on 10/02/2020
    • Support on 10/08/2020
    • Support on 10/09/2020
    • Resistance on 11/16/2020
    • Resistance on 11/20/2020
    • Resistance on 11/23/2020
    • Resistance on 11/27/2020
  • Ending of entry zone (1.4850)
    • Support on 01/26/2015
    • Support on 08/24/2015
    • Support on 08/25/2015
    • Resistance on 10/02/2015
    • Resistance on 03/11/2020
    • Resistance on 03/23/2020
    • Resistance on 03/24/2020
    • Resistance on 03/26/2020
    • Resistance on 03/31/2020
    • Resistance on 07/08/2020
    • Resistance on 07/09/2020
    • Support on 09/21/2020
    • Resistance on 09/23/2020
    • Resistance on 09/24/2020
    • Resistance on 09/25/2020
    • Resistance on 09/28/2020
    • Resistance on 10/01/2020
    • Resistance on 10/02/2020
    • Resistance on 10/05/2020
    • Resistance on 10/06/2020
    • Support on 10/12/2020
    • Support on 11/05/2020
    • Resistance on 12/01/2020
    • Support on 01/04/2021
    • Support on 01/20/2021
    • Resistance on 02/09/2021
    • Resistance on 02/15/2021
DateApril 10, 2021 - 13:50
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.51200, resumption of downtrend is expected.
  • We make sure when the support at 1.42000 breaks.
  • If the resistance at 1.51200 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 45 is broken, so the probability of resumption of downtrend is decreased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.4200 on 04/01/2021, so more gains to resistance(s) 1.4555, 1.4640, 1.4775 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 57.

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.