USD/SGD Trading Analysis (21/08/2025)
The trend is down. The currency pair is trading in the range between 365 and 135 EMAs. The upward wave structures are truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell when the descending wave structure begins to form and wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 1.28750.
- Price targets are 1.28253 and 1.27900.
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