Although we are seeing SGD weakening against INR; this has been primarily been due to weak Singaporean economy and with increasing FII investments in India. We are able to see oversold situation in William's %R and also in Stoch(931). There might be the trend reversal, that would reflect n MACD and MA crossover, but that would take time to reflect.
It is recommended to go short in the short term horizon and to cash in profits before the trend reverses.
It is recommended to go short in the short term horizon and to cash in profits before the trend reverses.