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USDSGD 22 Nov 2023

USDSGD 22 Nov 2023 on the Daily timeframe. This pair has still not managed to reverse the bearish trend that has occurred since the beginning of the month. Down through the kumo cloud after previously initiating bullish to go up but failed. If you look at the movement of this pair where the candlestick has touched the S1 line, it allows the bullish trend to continue. This is also reinforced by the chart on the stochastic indicator which also looks oversold. Therefore go-long can be an option. But if this pair is unable to maintain and continue the bullish trend that occurred and back down, then go-short is an option. Keep an eye on the market movements and calculate all possibilities before making a trading decision.

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