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USDSGD 14 Dec 2023

USDSGD 14 Dec 2023 on the Daily timeframe. The pair is still unable to rally and break S1 since it experienced bearish that brought it down below the kumo cloud on the ichimoku indicator. It had been bullish but bounced back down when it touched S1 towards S2. Although in bearish condition, the chart on stochastic shows an oversold condition that allows a trend reversal to occur. If bullish is true then go-long can be an option for traders. However, if the bearish continues to break S2 then go-short is still an option. Keep an eye on market movements and take into account all possibilities before making trading decisions.

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