Note: This section contains information in English only.CHF/SGD attempted to recover from the 3.3% slip it posted over the last month or so, and sketched a combination of two patterns that give out very different signals on the hourly time-frame. While highs losing amplitude suggest that there might be some bearish potential accumulating, a newly sketched channel up pattern denies a reversal, but might just be too young to make any conclusions. However, the stickiness of the upper boundary of the wedge suggests that the pair might break it soon around 1.4082 and move on to tests of the channel upper trend-line around 1.4105 in a steep and conclusive motion. Immediate support lies at 1.4062, and if broken – will confirm that the wedge is still in power and a reversal is on the way.
Fri, 17 Mar 2017 08:31:53 GMT
Source: Dukascopy Bank SA