| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇗ |
The USD/SGD exchange rate has been trading within a falling wedge pattern since the beginning of April.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern until the beginning of June. Then, a breakout north could follow, and the pair could re-test the 1.4600 level.
However, note that the exchange rate is pressured by the 200-hour moving average near 1.4180. Thus, the rate could breach the given pattern south in the nearest future. In this case the rate could gain support from the Fibo 50.00% at 1.3843.