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 | Neutral |
SAR(0.02;0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇒ |
The SGD/JPY exchange rate has been appreciating since the end of July after it reversed north from the 76.20 level.
It is likely that the currency pair could gain support from the 55-, 100– and 200-hour moving averages near 77.00 and continue to extend gains in the nearest future. Note that the pair could face the resistance level—the monthly R2 at 78.56.
If the given resistance level holds, it is likely that a reversal south could occur. Otherwise, the exchange rate could try to exceed the psychological level at 79.00.