The downward trend of the USD/SGD is slowing down, after the one-week chart, a Doji was formed.
The candlestick pattern normally does not change in the short term, the market sentiment from bearish to neutral, but after the RSI moves in the time zone under the 40% mark, there is repentance, the possibility of a trend to leave the oversold zones.
An ADX value above 30, it suggests at least a stable Trend. The response to the Signal, could move the traders to liquidate their Short Position and tighten your Stops.
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