USD/SGD Trading Analysis (04/04/2025)
The trend is up. The currency pair is trading in the range between 365 and 135 EMAs. The downward wave structure is truncated (the multi-candle Double Bottom figure has formed). There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss at 1.3308.
- Price targets at 1.3376 and 1.3449.
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