| 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 | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The CHF/SGD exchange rate has been declining within a descending channel since the middle of June.
From a theoretical perspective, it is likely that the currency pair could continue to trade downwards within the given channel in the medium term. In this case the pair could decline to the support level—the monthly PP at 1.4658.
Meanwhile, note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages near 1.4780. Thus, a breakout north could occur, and the rate could target the 1.5100 level.