USD/SGD Trading Analysis (11/02/2025)
The trend is down. The currency pair is trading in the range between 365 and 135 EMAs. The upward truncated wave structure ended with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell when the formation of the descending wave structure begins.
- Stop-loss at 1.3577.
- Price targets at 1.3520 and 1.3466.
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