| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The USD/SGD currency pair has been trading downwards within a descending channel since the end of July.
From a theoretical point of view, it is likely that the exchange rate could continue to decline within the given channel in the medium term. A possible downside target is the monthly S2 at 1.3523.
In the meantime, it is likely that the currency pair could gain support from the Fibo 38.20% at 1.3629. Thus, a reversal north could occur in the nearest future. In this case the pair could target the Fibo 61.80% at 1.3977.