| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The SGD/JPY currency pair has been appreciating within an ascending channel since the end of August.
From a theoretical point of view, it is likely that some upside potential could prevail in the market, and the exchange rate could continue to trade within the given channel in the medium term.
Note that the rate would have to exceed the monthly R1 located at 78.58. If the given resistance holds, it is likely that a breakout south could occur, and the pair could re-test the psychological level at 76.00.