| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
Since the end of September, the SGD/JPY currency pair has been trading upwards, guided by an ascending trend line.
From a theoretical point of view, it is likely that the exchange rate could continue to trade upwards, guided by the predetermined trend line. In this case the rate could target the psychological level at 79.00.
Meanwhile, note that the currency pair would have to exceed the resistance level—the monthly S1 at 78.23. Thus, a reversal south could occur, and the pair could decline to the monthly S3 at 76.30.