| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The EUR/SGD currency pair has been trading within the ascending triangle pattern since the end of September.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given pattern until December.
On the other hand, note that the exchange rate is supported by the 55-, 100– and 200-period SMAs (4H time-frame chart), currently located in the 1.5147/1.5172 area. Thus, the rate could breach the given pattern north in the nearest future. In this case the pair could target the Fibonacci 23.60% retracement at 1.5383.