| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The US Dollar has been appreciating against the Singapore Dollar since the beginning of November. Currently, the USD/SGD currency pair is trading at the 1.3680 level.
Note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages. Therefore, it is likely that some upside potential could continue to prevail in the market in the nearest future.
The currency pair could reach the descending trend line located in the 1.3700/1.3720 area. If the given line does not hold, the US Dollar could continue to appreciate against the Singapore Dollar in the medium term. Otherwise, a reversal south could follow. Important level to look out for is the psychological level at 1.3550.