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USDSGD 11 Mar 2024

USDSGD 11 Mar 2024 on the Daily timeframe. This pair has been bearish since last week. It failed to break S1 to continue strengthening and then dropped to the current price position of 1.33062 and is also below the kumo cloud on the ichimoku indicator. When referring to the stochastic indicator which shows that the pair is in a saturated zone, allowing a trend reversal to occur. If the pair manages to reverse the trend when it touches S2 and strengthens towards S1 then go-long can be an option for traders. But if the opposite happens, the pair continues to fall through S2, then go-short is an option. Keep an eye on volatile market movements and learn many indicators before making trading decisions.

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