| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Euro has been depreciating against the Singapore Dollar since the beginning of January after the EUR/SGD currency pair failed to surpass the 1.5150 level. As apparent on the chart, the pair declined below 1.5000.
Note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, currently located circa 1.4950. Thus, some upside potential could prevail in the market. In this case the rate could re-test the 1.5150 level.
If the given support does not hold, it is likely that some downside potential could continue to prevail in the market. Important level to look out for is the Fibonacci 0.005 retracement at 1.4900.