| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Euro has been appreciating gradually against the Singapore Dollar since the middle of February when the pair reversed north from the lower boundary of the falling wedge pattern at 1.5271.
Currently, the exchange rate is testing the resistance cluster formed by a combination of the 55-, 100– and 200-hour SMAs in the 1.5345/1.5360 range. If given resistance does not hold, it is expected that the currency pair targets the upper pattern line located circa 1.5380.
Otherwise, it is likely that some downside momentum prevails in the market. A possible downside target is the monthly S1 at 1.5262.