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CHF/SGD about to test some strong support

Chf/Sgd is on its way down to the lower border of a closing bullish wedge pattern
as we can see on the monthly chart, first:
Chf/Sgd monthly chart
On the weekly chart I have put in the fibonacci retracement levels of the last move up
and we can see that the 76.4% retracement level has held the price from going lower
and we see that the price has bounced;
this level should now be retested, because the price action is bearish at the moment
Chf/Sgd weekly chart
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AdamFx42 19 Ott

Strong support below has held the price, and the pair did move up from this level - 76.4% fibonacci retracement level on the monthly/weekly chart held the price above
The pair has now tested the 61.8% level, and has bounced back as I predicted it would,
so, another test of the lows should follow

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AdamFx42 30 Ott

price has been briefly above 61.8% fibonacci retracement briefly
but is below again and should move to the downside now

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Pair has still to test support line - monthly/weekly trendline

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Monthly trendline and Daily Head and Shoulders for CHF/SGD

First thing that I noticed about this pair was the beautiful trendline up on the monthly chart:
Chf/Sgd monthly chart
I don't think that this trendline will be broken to the downside any time soon,
because CH are keeping their currency down
The pair is currently bearish, and that could have to do with a Head and Shoulders pattern on the daily chart:
Chf/SGD daily chart
The target of this pattern is around 1.35, and has not been reached yet,
the target area is still way above the monthly trendlin…
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AdamFx42 27 Ago

It is cool, isn't it?  -- predicting the future  :-)
I think what you do is cool -- gogo girl  +1

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Price has barely moved at all yet - still I can wait  :-)

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AdamFx42 11 Set

I guess I was right - daily pattern is completed,
the price is now just 6 pips below my target

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AdamFx42 16 Set

price holding just above my target now - still good :-)

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AdamFx42 23 Set

price still holding just above my target - just a little higher now - about 20 pips

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