| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The EUR/SGD exchange rate has been trading upwards within a rising wedge pattern since the middle of June.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern until the end of July. Then, a breakout south could follow.
Meanwhile, note that the pair could gain support from the 55-hour moving average near 1.5760 and breach the predetermined pattern north in the short run. In this case the rate could re-test the Fibo 61.80% at 1.5861.