| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
[ANNOUNCE] The CHF/SGD currency pair reversed north from the lower boundary of the falling wedge pattern located circa 1.3425 at the beginning of March. [/ANNOUNCE]
As apparent on the chart, the pair has already reached the psychological level at 1.3640. From a theoretical perspective, it is expected that the exchange rate reaches the upper pattern line located in the 1.3650/1.3680 range. If the given pattern holds, a reversal south occurs within the following sessions.
Otherwise, it is likely that a breakout north from the pattern occurs soon. A possible upside target is the Fibonacci 50.00% retracement at 1.3784.