Last time we looked at the USDSGD pair (October 11 2022) we gave the best sell signal possible (see idea below) as the price entered the 6 year Resistance Zone:
This time we have a buy signal flashing as the price not only broke above the Triangle pattern on the 1D time-frame but also above the 1D MA50 (blue trend-line). As long as Support 1 holds, we are...
The pair is trading on a 1W Channel Down (RSI = 42.533, Highs/Lows = -0.0041, B/BP = -0.0178, MACD = -0.002) which is close to pricing a top based on a recurring bearish pattern inside the channel. A new Lower Low should follow so we are going short, TP = 1.3400.
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