DislikedChris,
How do you determine that USDSGD is in an overall downtrend?
When I look at the weekly, it has been making HH's and HL's since August 08.
What time period do you use to determine the overall trend?Ignored
Below is an image of USD/SGD zoomed out. You can see here we've been in a downtrend since the beginning of 2002. The recent move up has just been a retrace.
Hope this helps.
Chris