Fri, 20 Dec 2013 11:52:52 GMT
CHF/SGD 1H Chart: Descending Triangle
The descending triangle appeared on the 1H chart of CHF/SGD due to a bearish correction of the one-month rally started in mid-November. Accordingly, the risks were skewed to the upside, which was confirmed by a recent breach of the down-trend resistance line. However, we should be wary of a possibility that the bullish momentum may have already been exhausted—the market