Early, this two currencies had minimal interest rates among other. But nowadays, SGD interest rate grows decently to 0.8%
in compare with swiss, which still stays on -0.75%
. Maybe it is a reason, that monthly chart makes downward ticks.
On weekly chart, CCI ( -140 )
shows that pair reaches oversold level, after as was formed spike from bullish motion 10 weeks ago. STOCH ( 10. 6 )
indicates same mood, just with difference that oversold level was reached 2 ticks before this moment. This long bearish motion say me that pair can situated in global bearish trend.
On daily chart, value of CCI ( -157 ),
it is higher than 10 and 20 ticks ago, but real price is much lower from these levels, despite on higher CCI. Momentum indicator CCI is ready to bounce easy while price just consolidates on extremum. CCI even show green pin in last tick. STOCH ( 10.1)
, it is even lower than on weekly chart. That indicates strong oversold mood in pair and also can indicate global bearish trend.
Last 4 bars touches lower band, that also says about strong fall in pair, which is running without bounces.