| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇘ |
EUR/SGD is trading in two patterns simultaneously. The more senior formation is a rather chaotic channel up, while the junior one—a descending triangle. The latter seems to have reached its maturity, thus suggesting that a breakout may be due in the upcoming hours.
Descending triangle is generally a bearish pattern that should guide the rate towards the weekly S1 at 1.6033. This scenario is likewise supported by daily indicators.
Given that the 55-, 100– and 200-hour SMAs are located just above the current price level, a breakout north is unlikely. However, if this situation is to occur, the next important resistance is set by the weekly R1 at 1.6253.