USDSGD 25 Jan 2024 on the H4 timeframe. The pair is trying to go up and break through the kumo cloud on the ichimoku indicator. Currently at a price position of 1.34015, after experiencing a trend reversal when touching R1. If referring to the stochastic indicator, it can be seen that the moving average line is also rising towards the 80 level, therefore go-long can still be an option for traders. However if the opposite is the case, this pair has experienced a decline caused by some factor, then go-short is an option. Keep an eye on market movements and calculate all possibilities before making trading decisions.
