Indicator | 1H | 4H | 1D |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Sell | Neutral | Sell |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇘ | ⇒ | ⇘ |
The Singapore Dollar has formed a near-term ascending channel against the Yen. The pair has currently reached its 2017 high, thus it may edge lower in the upcoming days. This assumption may be supported by trend indicators that demonstrate the weakening of the up-trend. Nevertheless, there is still some slight upside potential that may push the Dollar towards the upper channel boundary. By and large, the up-trend has been effectively supported by the 55-hour SMA that should be breached in order to confirm the prevalence of the bearish sentiment.