| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇗ |
The CHF/SGD exchange rate has been trading downwards within a falling wedge pattern.
From a theoretical point of view, it is likely that a breakout north could occur within the following trading sessions. In this case the currency pair could re-test the psychological level at 1.5110.
In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 1.4845/1.4950 area. Thus, some downside potential could continue to prevail in the market.