| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
Since the beginning of January, the USD/SGD currency pair has been trading within a rising wedge pattern.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the predetermined pattern in the nearest future. The rate could breach the predetermined pattern south by the middle of February and re-test the 1.3160 level.
Meanwhile, note that the currency pair is supported by the 55-, 100– and 200-period moving averages near 1.3280. Thus, a breakout north could occur, and the pair could raise to the Fibo 23.60% at 1.3510.