| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Neutral | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Swiss Franc has been moving in a steep descending channel against the Singapore Dollar for the last two months.
Following a considerable 151-pip fall late in March, the bearish sentiment has allayed, thus allowing the Franc to enter a short-term period of consolidation without actually touching the bottom boundary of the senior channel.
This suggests that a change in sentiment that could result in the prevalence of bulls is likely next week. This would result in a breakout of both the senior and junior channels. In this case, the pair is expected to target the 2.3850 area.
Meanwhile, the downward-sloping tendency of technical indicators still point to a decline this week until either the dashed trend-line or the junior channel is reached at 1.36 or 1.3620, respectively.