| 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) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The USD/SGD exchange rate has been trying to breach the long-term ascending channel south since the beginning of February.
As apparent on the chart, the rate has already reversed north from the lower channel line at 1.3470. Given that the currency pair is supported by the 55-, 100– and 200-hour SMAs, it is likely that some upside momentum prevails in the market. Important resistance level to look out is the Fibonacci 38.20% retracement at 1.3629.
If the given resistance holds, it is likely that the pair reverses south and re-tests the lower channel line.