Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Sell | Neutral |
Alligator (13; 8; 5) | Buy | Sell | Buy |
SAR (0.02; 0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇘ | ⇒ |
The Swiss Frank has been appreciating against the Singapore Dollar after the currency pair reversed from the lower boundary of a medium-term ascending channel at 1.3900.
As apparent on the chart, the exchange rate is supported by the 55-, 100– and 200-hour SMAs, currently located near the 1.3950 mark. From a theoretical point of view, the pair might move upwards. Potential upside target could be the 1.4100/1.4150 range.
Otherwise, it is expected that the currency pair might re-test the ascending channel. If given trend does not hold, a breakout might occur. In this case, the pair will aim for the psychological mark at 1.386.