| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The USD/SGD currency pair has been trading upwards within the ascending channel since the end of April.
From a theoretical point of view, it is likely that the exchange rate could continue to extend gains within the given channel in the medium term. In this case the rate could face the resistance level—the monthly R3 at 1.4723.
If the given resistance level holds, it is likely that the currency pair could break the given channel south. It is unlikely that the pair could decline below the Fibo 50.00% at 1.3803.