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USDSGD 20 Feb 2024

USDSGD 20 Feb 2024 on the Daily timeframe. The pair was seen breaking through the kumo cloud on the ichimoku indicator last week. Despite having experienced bearish, the pair is now trying to re-initiate a bullish trend. Now the pair has managed to occupy a price position at 1.34619 and may still continue to strengthen. This is amplified because it looks like there will be a trend reversal caused by oversold on the stochastic indicator. If the pair continues its bullish trend then go-long is still an option, but if the opposite happens then go-short is an option. Keep on looking at many indicators before making a trading decision.

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