| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The USD/SGD currency pair has been testing the lower boundary of the long-term ascending channel located circa 1.3460 since the beginning of February.
Currently, the exchange rate is re-testing the lower channel line. If given trend holds, it is expected that a reversal north occurs in the nearest future, and the pair targets strong resistance level located at the 1.3620 mark.
If given channel does not hold, it is likely that a breakout south occurs within following sessions. This scenario is supported by a fact that the rate is being pressured by the 55-, 100– and 200-hour SMAs. Most likely, the pair targets the psychological level at 1.3350.