Indicator | 4H | 1D | 1W |
---|---|---|---|
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Buy | Neutral |
Alligator(13;8;5) | Sell | Sell | Sell |
SAR(0.02;0.2) | Buy | Sell | Sell |
Aggregate | ⇒ | ⇘ | ⇘ |
The USD/SGD currency pair has been trading within a symmetrical triangle pattern since the end of August.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given pattern until the beginning of October.
In the meantime, note that the rate is pressured by the 55-, 100– and 200-period moving averages in the 1.3640/1.3680 area. Thus, a breakout south could occur, and the pair could target the Fibo 23.60% 1.3414.