| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The USD Dollar has been depreciating against the Singapore Dollar since the end of February after the USD/SGD exchange rate failed to exceed the 1.4050 level.
Note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 1.3860 area. Thus, it is likely that bears could continue to prevail in the market. In this case the pair could gain support from the Fibo 38.20% at 1.3629.
It is unlikely that bulls could prevail in the market, and the exchange rate could the monthly R1 located at the 1.4138 mark.