| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The USD/SGD currency pair has been trading upwards within a rising wedge pattern since the beginning of June.
From a theoretical perspective, it is likely that the exchange rate could continue to trade within the given pattern until the end of July. Then, a breakout south could occur, and the rate could re-test the support level formed by the Fibo 50.00% at 1.3800.
Meanwhile, note that the currency pair is supported by the 55-, 100– and 200-hour moving averages. Thus, a breakout north could occur in the nearest future, and the pair could target the 1.4200 level.