The Swiss Franc is trading against the Singapore Dollar in simultaneously in the two ascending channels. The junior channel began to form shortly after the currency rate bounced off from the bottom edge of the dominant channel and then surged again to the previous levels. For the moment, the pair is fluctuating right below the upper trend line of the senior channel. Accordingly, the two scenarios may occur. First, subjected to heavy pressure of the dominant channel, the rate may break the junior pattern and resume a downward movement. This scenario is additionally supported by formation of the rising wedge. Second, supported by the monthly R2 at 1.4236, the pair may break through the upper edge of senior pattern and continue an upward movement.
| Level | Rationale | Indicator | 4H | 1D | 1W | |||
| R4 | 1.4371 | Monthly R3 | MACD (12; 26; 9) | Sell | Sell | Sell | ||
| R3 | 1.4345 | Weekly R1 | RSI (14) | Buy | Buy | Buy | ||
| R2 | 1.4305 | Trend line | Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | ||
| R1 | 1.4290 | Upper Bollinger Band; Trend line | ADX (14) | Sell | Sell | Buy | ||
| S1 | 1.4249 | Trend lines | CCI (14) | Neutral | Neutral | Sell | ||
| S2 | 1.4236/34 | Monthly R2; 20-period SMA | AROON (14) | Sell | Neutral | Sell | ||
| S3 | 1.4178/74 | Bottom Bollinger Band; Weekly PP | Alligator (13; 8; 5) | Buy | Buy | Buy | ||
| S4 | 1.4145 | Monthly R1 | SAR (0.02; 0.2) | Buy | Buy | Buy | ||
| Aggregate | → | → | → |