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

#CHFSGD
Total Profit: 1147 pip
Closed trade(s): 237 pip Profit
Open trade(s): 910 pip Profit

Trade Setup:
We opened 9 SELL trade(s) @ 1.4726 based on 'Peak' entry method at 2021.05.26.

Closed Profit:
TP1 @ 1.4660 touched at 2021.05.31 with 66 pip Profit.
TP2 @ 1.4555 touched at 2021.06.18 with 171 pip Profit.
66 + 171 = 237 pip

Open Profit:
Profit for one trade is 1.4726(open price) - 1.4596(current price) = 130 pip
7 trade(s) still open, therefore total profit for open trade(s) is 130 x 7 = 910 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.

DateOctober 16, 2021 - 17:26
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

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

Technical analysis:

  • A trough is formed in daily chart at 1.4481 on 10/01/2021, so more gains to resistance(s) 1.4659, 1.4695, 1.4775 and maximum to Major Resistance (1.5120) 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 49.

Take Profits:

  1. 1.4695
  2. 1.4775
  3. 1.4850
  4. 1.4955
  5. 1.5120
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 24 Mar 2024
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 17 Mar 2024
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 10 Mar 2024
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 3 Mar 2024
Swiss Franc / Singapore Dollar (CHFSGD) free Sun, 25 Feb 2024