| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The CHF/SGD currency pair reversed north from the lower boundary of the falling wedge pattern located circa 1.3425 at the beginning of March.
As apparent on the chart, the pair has already reached the psychological level at 1.3640. From a theoretical perspective, it is expected that the exchange rate reaches the upper pattern line located in the 1.3650/1.3680 range. If the given pattern holds, a reversal south occurs within the following sessions.
Otherwise, it is likely that a breakout north from the pattern occurs soon. A possible upside target is the Fibonacci 50.00% retracement at 1.3784.