USDSGD - Bullish - Descending right angled broadening
With the recent big financial assistance package and the recent news of possible recession in coming quarters, through the economic cycle, the SGD may be weakening to overcome potential inflation rise. If this is true, then this formation of possible right angled TA may become bullish in time to come. Potential target is shown. What do you think?
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
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.