Although the orientation of the 50 – and 200-SMAs on further upside potential close, was able to develop the USD/SGD last no upward momentum.
Although the stochastic is in the 4-hour chart on the Mittellnie, but this need not necessarily lead to the Liquidation of large long positions. However, the stochastics shows in the 1-hour chart, it could be soon.
The oscillator has reached more than 8 hours, the overbought zone at 70% and left this area with the recent hours of the conclusion of the course. We are of the view that it can in the short term, a downward movement.