| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The EUR/SGD exchange rate has been trading sideways in the 1.5300/1.5570 range since the end of April.
Theoretically, if the 1.5300 and 1.5570 levels hold, it is likely that the currency pair could maintain its consolidation in the medium term.
On the other hand, note that the pair could gain support from the 55-, 100– and 200-hour moving averages and extend gains within the following trading sessions. In this case the pair could re-test the Fibo 61.80% at 1.5861.
Also, it is unlikely that bears could prevail in the market, and the rate could decline below the psychological level at 1.4900.