| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Neutral | Neutral |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The CHF/SGD currency pair reversed from the upper boundary of the medium-term ascending channel located circa 1.3970 at the end of December.
As apparent on the chart, the exchange rate has already reversed north from the lower channel line at 1.3780. From a theoretical point of view, it is expected that the pair surpasses important psychological level at 1.3950 and targets the upper channel boundary located in the 1.4030/1.4050 range. Technical indicators for the 1W time frame also support bullish scenario.
However, this advance might not be immediate due to existing resistance level formed by the Fibonacci 61.80% retracement at 1.3895.