| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The US Dollar continued to depreciate against the Singapore Dollar within the falling wedge pattern (4H time-frame chart). The USD/SGD currency pair reversed north from the lower pattern line at the end of December.
From a theoretical point of view, it is likely that a breakout north could occur in the nearest future. In this case the exchange rate could target the psychological level at 1.3600.
However, note that the currency pair is pressured by the 200-hour moving average, currently located at 1.3512. Thus, it is likely that the pair could breach the given pattern south. In this case, the pair could gain support of the Fibo 23.60% at 1.3414.