| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
Since the end of September, the USD/SGD currency pair has been trading downwards, guided by a descending trend line.
Given that the exchange rate is pressured by the 55-, 100– and 200-period moving averages circa 1.3600, it is likely that some downside potential could prevail in the market in the medium term.
Note that the currency pair could gain support from the Fibonacci 23.60% retracement at 1.3414. Thus, a reversal north could occur, and the pair could re-test the predetermined trend line.