| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
As apparent on the chart, the SGD/JPY exchange rate breached the ascending triangle pattern north.
Given that the currency pair is supported by the 55-, 100– and 200-period moving averages in the 78.14/78.40 range, it is likely that some upside potential could prevail in the market. The pair could target the Fibo 39.70% at 80.61.
In the meantime, it is unlikely that bears could prevail in the market, and the exchange rate could decline below the Fibo 23.60% located at 77.38.