| 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 | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
Since the end of January, the EUR/SGD exchange rate has been trading within a falling wedge pattern.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the predetermined pattern until the beginning of March. Then, a breakout north could follow.
Meanwhile, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 1.6060/1.6090 range. Thus, a breakout south could occur, and the rate could decline to 1.5900 mark.