| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Swiss Franc has been appreciating against the Singapore Dollar since the middle of January. This movement has been bounded within the rising wedge pattern.
From a theoretical point of view, it is likely that the CHF/SGD exchange rate could continue to extend gains within the given pattern until the end of February.
However, note that the currency pair would have to surpass the resistance level formed by the monthly R1 and the Fibonacci 61.80% retracement at 1.4025. If the given resistance holds, it is likely that a breakout south could occur. A possible downside target is the monthly PP at 1.3844.