USDSGD is showing signs of potentially forming an inverse head and shoulders pattern, accompanied by divergence on the chart. Following recent news, there's speculation that DXY might trend bearishly, while SGD could rally. We're monitoring the neckline break closely for potential trading opportunities in line with this pattern. I'm curious to hear your thoughts on this analysis. Cheers!
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Trade taken as it broke out
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.