| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The CHF/SGD exchange rate has been trading upwards within the ascending channel since the end of January. Currently, the rate is testing the upper channel line at 1.4550.
From the one hand, it is likely that the Swiss Franc could continue to appreciate against the Singapore Dollar within the given channel in the medium term. In this case the currency pair would have to surpass the monthly R1 at 1.4594.
On the other hand, note that the exchange rate is supported by the 55–, 100– and 200-hour moving averages. Thus, a breakout north could occur, and the rate could jump to the monthly R2 at 1.4747.