CHF/SGD 4H Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Already, since the beginning of March the Swissy has been depreciating against the Singapore's Dollar and in early July it entered a bearish channel that now is a 304-bar long.
A few weeks ago the pair approached more than a year low at 1.3443, that has given some impulses for the currency couple to near the pattern's resistance line around 1.3598. However, CHF/SGD still has not managed to touch the upper trend-line. The main obstacles for that has been the 4H and daily technical indicators that are largely bearish and the SWFX traders' sentiment that is strongly to the downside (72.16%).
© Dukascopy Bank SA
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.