| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The CHF/SGD currency pair has been trading within the ascending triangle pattern since the beginning of November.
Currently, the exchange rate is testing the lower pattern line located at 1.3680. From a theoretical point of view, it is likely that a reversal north could occur in the nearest future, and the rate could reach the upper triangle line at 1.3800. Also, from a theoretical perspective, it is likely that a breakout north could occur in the medium term. Important level to look out for is the Fibo 50.00% at 1.3886.
However, note that the pair is pressured by the 55-, 100– and 200-hour SMAs. Therefore, if the given pattern does not hold, a breakout south could occur within the following trading sessions. In this case, the rate could decline to the Fibo 23.60% at 1.3583.