If you would like to speculate a little bit, this can be your next trade.
SGD/USD is at a weekly 61.8 Fibonacci level. This level is also known as the golden level, meaning that if we have the price above the same level, we are in an uptrend, and vice versa.
I will take a closer look at future market development and RSI 40 level.
If the price holds above 61.8Fibonacci level and when RSI shows me some strength to hold his value above 40 levels, then I will shoot.
SGD/USD is at a weekly 61.8 Fibonacci level. This level is also known as the golden level, meaning that if we have the price above the same level, we are in an uptrend, and vice versa.
I will take a closer look at future market development and RSI 40 level.
If the price holds above 61.8Fibonacci level and when RSI shows me some strength to hold his value above 40 levels, then I will shoot.