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USDSGD 17 Nov 2023

USDSGD 17 Nov 2023 on H1 Timeframe. After experiencing a significant drop three days ago the pair continues to move sideways until now. Being below the kumo on the ichimoku indicator, it occupied the price position of 1.34807 after trying to initiate a bullish trend. If the pair manages to continue the bullish trend in the next session, then go-long could be an option. However, referring to the stochastic indicator, it can be seen that the chart has touched the saturated zone due to oversold. Therefore a trend reversal is possible. If the trend reversal does occur then go-short is the option. Learn many indicators before making trading decisions.

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