On the weekly timeframe, USDSGD continued to decline significantly and has remained in a bearish trend since last month. The pair tried to break the kumo in July, but failed to rally and instead experienced a bearish trend reversal. As a result, the price continued to fall until it is now below the kumo at 1.31775. Looking at the stochastic indicator, it can be seen that the pair is oversold with the chart below the 20 level, indicating saturation in this bearish trend. This provides an opportunity for a trend reversal, especially if the bullish momentum starts to strengthen in the coming sessions.