| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
Since the middle of December, the CHF/SGD exchange rate has been trading downwards, guided by a descending trend line.
Given that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 1.4880/1.4940 range, it is likely that it could broke the predetermined pattern line and drop to the support level—the Fibo 23.60% at 1.4696.
If the given support level holds, the exchange rate could reverse north and target the 1.5000 level. Otherwise, the rate could head to the Fibo 38.20% at 1.4427.