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Weekly forecast Swiss Franc / Singapore Dollar technical chart
Symbol CHFSGD
Trade Setup

#CHFSGD
Total Profit: 3901 pip
Closed trade(s): 1093 pip Profit
Open trade(s): 2808 pip Profit

Trade Setup:
We opened 10 BUY trades @ 1.41407 based on 'Two-day reversal candle' entry method at 2022-11-04.

Closed Profit:
TP1 @ 1.42416 touched at 2022-11-09 with 101 pip Profit.
TP2 @ 1.43585 touched at 2022-11-11 with 218 pip Profit.
TP3 @ 1.44667 touched at 2022-11-11 with 326 pip Profit.
TP4 @ 1.45894 touched at 2022-11-23 with 448 pip Profit.
101 + 218 + 326 + 448 = 1093 pip

Open Profit:
Profit for one BUY trade is 1.46087(current price) - 1.41407(open price) = 468 pip
6 trade(s) still open, therefore total profit for open trade(s) is 468 x 6 = 2808 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.

DateNovember 23, 2022 - 20:17
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.38792, resumption of uptrend is expected.
  • We make sure when the resistance at 1.47000 breaks.
  • If the support at 1.38792 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 1.43295 on 11/18/2022, so more gains maximum to Major Resistance (1.47000) 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 66.

Take Profits:

  1. 1.42416
  2. 1.43585
  3. 1.44667
  4. 1.45894
  5. 1.48304
  6. 1.49550
  7. 1.51121
  8. 1.52200
  9. 1.54200
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc / Singapore Dollar (CHFSGD) new free Wed, 23 Nov 2022
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 20 Nov 2022
Swiss Franc / Singapore Dollar (CHFSGD) free Sat, 12 Nov 2022
Swiss Franc / Singapore Dollar (CHFSGD) free Wed, 9 Nov 2022
Swiss Franc / Singapore Dollar (CHFSGD) Sat, 5 Nov 2022