| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
Since September, the USD/SGD exchange rate has been trading downwards within a falling wedge pattern.
From a theoretical point of view, it is likely that the currency pair could continue to decline within the predetermined pattern in the medium term.
Meanwhile, note that the pair is pressured by the 55-, 100– and 200-period moving averages in the 1.3400/1.3500 area. Thus, a breakout south could occur, and the rate could target the 1.3060 level.