| 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) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The EUR/SGD exchange rate has been trading up since the beginning of May. This movement has been bounded in the ascending channel.
Currently, the rate is testing the lower channel line at the 1.5400 mark. Given that the currency pair is supported by the 55-, 100– and 200-hour SMAs, it is expected, that bulls could prevail in the market. If the given channel holds, it is likely, that the rate continues to extend gains within it.
Otherwise, it is expected, that a breakout north could occur within the following trading sessions. However, the rate has to surpass the resistance level formed by the Fibonacci 23.60% retracement at 1.5483.