| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The US Dollar has been appreciating against the Singapore Dollar since the beginning of July when the USD/SGD currency pair reversed north from the lower boundary of the long-term ascending channel at 1.3512.
Currently, the exchange rate is trading at the 1.3880 level. It is likely, that the rate could reach the upper channel line located circa 1.4000 within the following trading sessions.
If the given channel holds, it is expected, that a reversal south could occur. The support level to look out for is the Fibonacci 50.00% retracement at 1.3803. Otherwise, it is likely, that a breakout north could occur. A possible upside target is the psychological level at 1.4200.