| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The EUR/SGD exchange rate has been trading within a descending triangle pattern since the middle of March. As apparent on the chart, the rate has already reversed from the lower pattern line at 1.5433.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern until the end of May. Then, a breakout north could follow.
On the other hand, it is likely that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs in the 1.5520 area and breach the given pattern north sooner. Note that the rate would have to surpass the monthly R1 at 1.6002.