| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The USD/SGD currency pair has been trading within a descending channel since the end of April. Currently, the pair is testing the lower channel line at 1.4010.
From a theoretical perspective, it is likely that a reversal north could occur, and the exchange rate could reach the upper channel line in the 1.4230 area. If the given channel holds, it is likely that the rate could continue to decline within it in the medium term.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-hour SMAs. Thus, some a breakout south could occur in the nearest future, and the pair could decline to the Fibo 50.00% at 1.3803.