| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇗ | ⇘ |
The EUR/SGD exchange rate has been volatile since the beginning of December. However, the rate failed to breach the upper trend line located in the 1.5160 area(4H time-frame chart).
Currently, the currency pair was trading at the psychological level at 1.5020. Note that the pair is pressured by the 55-, 100– and 200-hour moving averages, currently located circa 1.5090. Thus, it is likely that some downside potential could prevail in the market. Important level to look out for is the Fibo 0.00% at 1.4981.
It is unlikely that bulls could prevail, and the exchange rate could breach the given trend line, as well the monthly R1 located at the 1.5184 mark.