| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The US Dollar has been appreciating against the Singapore Dollar since the beginning of February when the rate reversed from the lower boundary of the lon-term ascending channel at 1.3450.
As apparent on the chart, the currency pair has already tested the monthly R1 at 1.3612. Given that the pair is being pressured by the 55-, 100– and 200-hour SMAs, it is likely that bears prevail in the market within following sessions. It is expected that the rate re-tests the lower channel line located circa 1.3460.
However, if the support level formed by the monthly PP at 1.3528 holds, a reversal north occurs in the nearest future. A possible upside target is the Fibonacci 38.20% retracement at 1.3629.