| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The EUR/SGD exchange rate continued to trade within the falling wedge pattern.
From a theoretical perspective, it is likely that the currency pair could continue to decline within the predetermined pattern in the medium term. Note that the pair could gain support from the Fibo 61.80% at 1.5861.
In the meantime, note that the exchange rate is supported by the 55-, 100– and 200-period moving averages in the 1.5995/1.6040 area. Thus, a breakout north could occur in the nearest future, and the rate could target the 1.6300 level.