USD/SGD trading in oversold territory

FXStreet Algorythms FXStreet

The daily USD/SGD RSI has moved below 30%, meaning that the pair is trading in oversold territory.

The USD/SGD daily RSI(14) has crossed below the 30% threshold while the weekly oscillator is already printing below 50% for several months. This suggests a fully-fledged down trend with a risk of being over extended market.

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FXStreet Algorythms

FXStreet

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