Currency pair analysis for today, October 28th: USD/SGD
The overall trend is downward. The ascending wave pattern is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator signals overbought conditions.
USD/SGD rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
Stop Loss: above the local maximum of the ascending pattern.
Target levels: 1.3420; 1.3380.
