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Weekly forecast Swiss Franc / Singapore Dollar technical chart
Symbol CHFSGD

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Trade Setup

#CHFSGD
Total Profit: 1333 pip
Closed trade(s): 171 pip Profit
Open trade(s): 1162 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 1.4726 based on 'Peak' entry method at 2021.05.26.

Closed Profit:
TP1 @ 1.4555 touched at 2021.06.18 with 171 pip Profit.

Open Profit:
Profit for one trade is 1.4726(open price) - 1.4560(current price) = 166 pip
7 trade(s) still open, therefore total profit for open trade(s) is 166 x 7 = 1162 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.

DateJune 19, 2021 - 22:32
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 support #1 at 48 is broken, so the probability of resumption of downtrend is increased.
  • A peak is formed in daily chart at 1.4800 on 06/09/2021, so more losses to support(s) 1.4555, 1.4440, 1.4360 and minimum to Major Support (1.4200) 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 36.

Take Profits:

  1. 1.4555
  2. 1.4440
  3. 1.4360
  4. 1.4200
  5. 1.3970
  6. 1.3590
  7. 1.3265
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc / Singapore Dollar (CHFSGD) new 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