| 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 | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The EUR/SGD exchange rate has been trading downwards within a falling wedge pattern since the beginning of August.
From a theoretical perspective, it is likely the currency pair could continue to decline within the given pattern until the beginning of November. Then, a breakout north could follow.
Meanwhile, note that the exchange rate is pressured by the 55-, 100– and 200-period SMAs in the 1.6035/1.6150 area. Thus, a breakout south could occur in the nearest future, and the rate could target the Fibo 50.00% at 1.5678.