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Dukascopy Dukascopy PRO CHFSGD, 60, Long ,
CHFSGD: CHF/SGD 1H Chart: Channel Down
11 0 1
CHFSGD, 60 Long
CHF/SGD 1H Chart: Channel Down

The Swiss Franc is trading in a channel down against the Singapore Dollar. The given formation was created when the rate bounced off the bottom boundary of a longer-term falling wedge and continued to move in the same range even after this patter was breached. From theoretical point of view, the Franc should have appreciated after the breakout; however, given the ...

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