| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The CHF/SGD currency pair continued to trade downwards, guided by the descending trend line.
It is likely that the exchange rate could gain support from the 55-, 100– and 200-period moving averages in the 1.4750/1.4850 range. Thus, some upside potential could prevail in the market, and the rate could re-test the 1.5100 level.
In the meantime, note that the currency pair could face the resistance level—the monthly R1 at 1.4972. Thus, a reversal south could occur, and the pair could continue to trade along the given trend line.