| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The US Dollar has been appreciating against the Singapore Dollar since the middle of January after the USD/SGD currency pair reversed north from the 1.3540 level. As apparent on the chart, the pair has already surpassed the 1.3800 level.
Note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, currently located in the 1.3666/1.3781 area. Thus, some upside potential could prevail in the market, and the rate could target the Fibo 61.80% at 1.3977.
However, if the currency pair fails to surpass the 1.3900 level, it is likely that a reversal south could occur within the following trading sessions. In this case it is unlikely that the pair could decline lower than Fibo 23.60% at 1.3414.