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EUR/SGD 4H Chart: Ascending channel in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)SellSellSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇒⇗

[ANNOUNCE] Since the end of October, the EUR/SGD exchnage rate has been appreciating within an ascending channel. [/ANNOUNCE] 

From a theoretical perspective, it is likely that the currency pair could continue to move within the predetermined channel in the medium term. 

Meanwhile, note that the exchange rate could gain support from the 55– and 100-period moving averages in the 1.6200 area. Thus, a breakout north could occur, and the rate could try to exceed the psychological level at 1.6455.

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21 Dec 2020

EUR/AUD 4H Chart: Decline likely to continue

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18 Dec 2020

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