| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The EUR/SGD exchange rate has been trading upwards since the beginning of July, guided by an ascending trend line.
From a theoretical perspective, it is likely that the currency pair could continue to extend gains in the medium term. Note that the pair could face the resistance level formed by the monthly R1 at 1.6464.
Meanwhile, it is unlikely that bears could prevail in the market, and the exchange rate could decline below the Fibo 61.80% at 1.5861.