| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Neutral | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The Swiss Franc was trading in a six-month falling wedge against the Singapore Dollar. This pattern was breached on November 22.
The pair was then moving along its upper boundary until a massive surge last week sent the pair towards the 1.3810 mark. Along the way, a new ascending channel was formed.
The Franc should edge lower in line with this pattern and test its bottom boundary located in the 1.3660/80 area.
However, the strong support of the 55–, 200– and 100-hour SMAs, the weekly S1 and the monthly PP circa 1.37 could delay this scenario from occurring today or even beyond. This barrier might set the pair slightly higher either up to the weekly PP or the monthly R1 at 1.3757 and 1.3808, respectively.
Its subsequent movement, however, is expected to be south towards 1.3670.