| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The SGD/JPY currency pair revealed a long-term descending channel.
From a theoretical point of view, it is likely that the exchange rate could target the upper channel line located circa 78.00 within the following trading sessions. Then, a reversal south could occur.
In the meantime, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 76.80/77.20 area. Thus, a breakout south could occur, and the pair could target the psychological level at 75.00.