| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The Singapore Dollar has been appreciating against the Japanese Yen since the beginning of January after the SGD/JPY currency pair reversed north from the upper boundary of the medium-term ascending channel.
It is likely that some upside potential could prevail in the market, and the currency pair could reach the upper channel line located circa 81.50. If the given channel holds, it is likely that bulls could continue to prevail in the medium term.
On the other hand, the currency pair could breach the given channel south within the following trading sessions. In this case the pair could gain support of the monthly S2 at 78.79. Also, it is unlikely that the Singapore Dollar could exceed the Fibo 50.00% at 82.68 against the Japanese Yen.