| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
During October, the CHF/SGD currency pair traded within an ascending channel. Note that the pair has already pierced the lower channel line.
Given that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 1.4890/1.4965 range, it is likely that some downside potential could prevail in the market, and the rate could re-test the psychological level at 1.4800.
On the other hand, the currency pair could resume to trade within the predetermined channel in the medium term. In this case the pair could target the 1.5100 level.