| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇗ |
The CHF/SGD currency pair has been trading within a falling wedge pattern since the beginning of March.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given pattern until the beginning of June. Then, a breakout north could follow, and the rate could re-test the 1.5100 level.
On the other hand, the currency pair could be pushed down by the 55-hour SMA near 1.4690, and the pair could breach the given pattern south. In this case the pair could gain support from the Fibonacci 50.00% retracement at 1.4210.