| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇓ | ⇗ | ⇓ |
The US Dollar is moving sideways against its Singaporean counterpart and reaching higher highs and lower lows. This pattern may be characterized as a megaphone. Theoretically, it is usually a five-wave formation that is followed by a surge upwards. However, the failure to fulfill this scenario after the 5th wave near the 1.3840 mark might indicate that a breakout south may be due. The pair was pushed below the 55-, 100– and 200-hour SMAs mid-session, adding to the overall bearish sentiment. Furthermore, the pair has approached an intermediate down-trend in force since May 11 that could provide enough resistance to reverse the pair south. In case upside risks prevail, another test of the given trend-line line may follow within the next week. However, the subsequent movement is still expected to be to the downside.