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

#CHFSGD
Total Profit: 5628 pip
Closed trade(s): 2596 pip Profit
Open trade(s): 3032 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.
TP5 @ 1.48304 touched at 2023-03-13 with 689 pip Profit.
TP6 @ 1.49550 touched at 2023-04-21 with 814 pip Profit.
101 + 218 + 326 + 448 + 689 + 814 = 2596 pip

Open Profit:
Profit for one BUY trade is 1.48988(current price) - 1.41407(open price) = 758 pip
4 trade(s) still open, therefore total profit for open trade(s) is 758 x 4 = 3032 pip

#CHFSGD
Total Profit: 5628 pip
Closed trade(s): 2596 pip Profit
Open trade(s): 3032 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.
TP5 @ 1.48304 touched at 2023-03-13 with 689 pip Profit.
TP6 @ 1.49550 touched at 2023-04-21 with 814 pip Profit.
101 + 218 + 326 + 448 + 689 + 814 = 2596 pip

Open Profit:
Profit for one BUY trade is 1.48988(current price) - 1.41407(open price) = 758 pip
4 trade(s) still open, therefore total profit for open trade(s) is 758 x 4 = 3032 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.
  • If the Midterm level 1.48304 is broken, we will close open trades.
DateMay 28, 2023 - 21:40
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.48304, resumption of uptrend is expected.
  • We make sure when the resistance at 1.51200 breaks.
  • If the support at 1.48304 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.48304 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.47715 on 05/05/2023, so more gains to resistance(s) 1.49550, 1.50520 and maximum to Major Resistance (1.51200) 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 51.

Take Profits:

  1. 1.42438
  2. 1.43585
  3. 1.44667
  4. 1.45894
  5. 1.48304
  6. 1.49550
  7. 1.51200
  8. 1.52200
  9. 1.54200
Click on the level to view price action history.
Symbol Released Current Forecast
Swiss Franc / Singapore Dollar (CHFSGD) Sat, 16 Sep 2023
Swiss Franc / Singapore Dollar (CHFSGD) Sun, 10 Sep 2023
Swiss Franc / Singapore Dollar (CHFSGD) Sun, 3 Sep 2023
Swiss Franc / Singapore Dollar (CHFSGD) Sun, 27 Aug 2023
Swiss Franc / Singapore Dollar (CHFSGD) Sun, 20 Aug 2023
History
Daily-Trading-Opportunities on CHFSGD.