| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Swiss Franc continues to depreciate against the Singapore Dollar in a medium-term channel down.
The pair has diminished its trading range within this strongly-bearish pattern, especially after the Franc failed to reach its bottom boundary last week. As a result, the pair reversed from the 1.3490 area and formed a new junior pattern.
Technical indicators are still in favour of a continuous fall despite the allayed downward momentum. In this case, a possible southern target for the remaining trading sessions in April could be the most senior channel and the monthly S2 located near 1.3415. This level might force a reversal and a subsequent surge towards 1.39.
Meanwhile, this appreciation might occur even sooner if the Franc remains trading sideways during the following two sessions. A strong resistance is set by the 200-hour SMA, two channel lines and the weekly PP at 1.3560.