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Is SGDMYR telling us something?

June 5, 2008, 10:08 pm

SGDMYR - short term forex chartSGDMYR - short term forex chart

Any idea from the SGDMYR short term forex chart?

No idea?

How about SGDMYR long term forex chart?
SGDMYR - long term forex chartSGDMYR - long term forex chart

1930’s The Great Depression food queue1930’s The Great Depression food queue Photo by The Market Oracle

Zimbabwe currency 2008Zimbabwe currency 2008 Photo by Ivar Hagendoorn

All right, from the charts above, SGDMYR currency traders are forecasting something bad is going to happen similar to 1997 Asian Financial Crisis (See spike in SGDMYR exchange rate).

Are the currency traders wrong? May be. Anyway be prepared. Luck favor the prepared.

23/4/2011 2011 analysis of MYR, SGD and USD

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Category: Currency  |  Comment (RSS)  |  Trackback

One Comment

  1. SGD and MYR - future directions » encik wan:

    […] short term chart In the previous post, it was forecasted that SGDMYR may reach 2.45-2.48. Due to weakened Singapore economy, the target […]

    April 1, 2009, 3:27 am

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