Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Buy |
Alligator (13; 8; 5) | Neutral | Sell | Neutral |
SAR (0.02; 0.2) | Buy | Sell | Sell |
Aggregate | ⇘ | ⇒ | ⇗ |
The USD/SGD currency pair breached the medium-term ascending channel south at the end of December and reached the psychological level at 1.3500 last Friday.
As apparent on the chart, the pair is testing the resistance level formed by the monthly S1 at 1.3574. If given resistance does not hold, the exchange rate targets the monthly PP at the 1.3675 mark.
Otherwise, it is expected that the currency pair goes downwards. Important support level to look out for is the Fibonacci 23.60% retracement located at 1.3414.