| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The EUR/SGD exchange rate has been testing the resistance formed by the Fibo 61.80% and the monthly R3 in the 1.5900 area since last Monday.
It is likely that the currency pair could gain support from the 55-, 100– and 200-hour moving averages in the 1.5750 area and trade upwards. Important level to look out for is the Fibonacci 100.00% retracement at 1.6455.
However, if the given resistance holds, it is likely that a reversal south could occur in the nearest future. In this case the exchange rate could gain support from the Fibonacci 23.60% retracement and the monthly PP at 1.5268.