7647090 7/13/2017 6:10 PM, CHF/SGD intraday: below its lower Bollinger band


1.428 is our pivot point.


Our preference

: the downside prevails as long as 1.428 is resistance.


Alternative scenario

: the upside breakout of 1.428, would call for 1.431 and 1.433.


Comment

: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.429 and 1.429). Finally, the CHF/SGD has penetrated its lower Bollinger band (1.426).


Supports and resistances

:

1.433 **

1.431 *

1.428 **

1.427

1.425 last

1.422

1.420 **

1.418 *

1.417 **