| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | 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) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Swiss Franc has been appreciating against the Singapore Dollar since the beginning of December. This movement has been bounded within the rising wedge pattern.
From a theoretical point of view, it is likely that a breakout south could occur within the following trading sessions. In this case the currency pair could target the Fibonacci 23.60% retracement at 1.3583.
However, note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages. Thus, the rate could breach the given pattern north in the nearest future. However, note that the rate would have to surpass the Fibonacci 50.00% retracement at 1.3886.