| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Singapore Dollar has been appreciating gradually against the Euro since the middle of January when the currency pair reversed from the upper boundary of the falling wedge at 1.5656.
The exchange rate has already tested the lower wedge line at 1.5384. Technical indicators suggest that the pair is in the oversold territory, thus, it is likely that a breakout north from the pattern occurs within following sessions. A possible upside target is the psychological level at 1.5600.
However, if given wedge holds, it is expected that a reversal south from the upper wedge line (located circa 1.5480) occurs in the nearest future.