| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Singapore Dollar has been depreciating against the Japanese Yen since the end of February. This movement has been bounded within the falling wedge pattern.
From a theoretical point of view, it is likely that the SDG/JPY currency pair could continue to decline within the given pattern until the middle of March. Then a breakout north could occur.
However, note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 77.10/77.90 area. Thus, a breakout south could occur in the nearest future. Note that the rate could gain support of the monthly S2 at 75.33.