| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The SGD/JPY exchange rate has been appreciating since the beginning of May. The rate has already exceeded the 76.50 level.
Given that the currency pair is supported by the 55-, 100– and 200-hour moving averages, it is likely that some upside potential could continue to prevail in the market. The pair could reach the Fibo 39.70% at 80.61.
Meanwhile, note that the exchange rate would have to surpass the Fibo 23.60% at 77.38. If the given resistance holds, it is likely that a reversal south could occur and the rate could re-test the 72.65 mark.