| 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) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The EUR/SGD currency pair has been trading downwards since the beginning of February after it reversed south from the upper boundary of the long-term descending channel.
From a theoretical perspective, it is likely that some downside potential could prevail in the market, as the exchange rate should decline to the lower channel line located in the 1.4800/1.4850 area.
If the given channel holds, it is likely that a reversal north could follow. Otherwise, a breakout south could occur, and the currency pair could decline below 1.4800.